The CSE losses run faster than those of the mature international stock markets. Since January 2, 2008, the CSE general index has lost 20.8% of its value mostly due to the pressures on the banking...
The strong competition among the banks in the past two years has changed the banking map in Cyprus. According to Central Bank official data analyzed by StockWatch, the fast credit growth of the...
Hellenic Bank expects that its profits will increase in 2007. According to an announcement released today, “the increase in the profitability of Hellenic Bank Public Company Ltd in the last quarter...
18/02/2008
Citigroup remains bullish for the Greek and Cypriot banks. According to a report dated February 7, 2008, Citigroup says that “we remain bullish on Greek and Cypriot banks, set to benefit from robust...
The announcements of the banks’ three-month results will start in the next few days. Hellenic Bank is to announce its results first. According to an announcement released today, the Board of...
29/01/2008
International credit rating firm, Moody’s Ratings, remains positive for the Cypriot banks. In separate analyses for each bank released on Monday, Moody’s referred to the positive course of the banks...
The new year will be a turning point for the island’s banking system. Two years after a rapid growth rate and a doubling of sizes, the Cypriot banks are expected to slow down and to put the...
Fitch Ratings has today upgraded Hellenic Bank's (HB) Individual rating to 'C/D' from 'D,' which reflects the bank's improving profitability and asset quality, the good local franchise and adequate...
19/12/2007
Hellenic Bank Management is expected to decide whether it will list its titles in the Athens Stock Exchange in early 2008. In his statements to StockWatch, HB Chairman, Andreas Panayiotou said that...
10/12/2007
Thirty-four bank branches around Cyprus are expected to open on January 1, 2008 from 11.00 am to 2.00 pm to facilitate the public in the exchange of the Cyprus pounds with euros. According to an...