The ratings of Cyprus’s two largest banks remain on Positive Outlook despite increased risks to the global economy due to the war in Ukraine, Fitch Ratings says. The agency expects Hellenic Bank (HB...
A loss of €11.7 million, mainly related to the forecasts of the Starlight project, was presented for 2021 by Hellenic Bank, which, however, made significant progress in reducing the risks to its...
RCB Bank Limited, Cyprus third largest lender, announced it has entered into an agreement with Hellenic Bank Public Company Ltd for the sale of a performing loan portfolio of up to €556 million,...
Greek Eurobank Ergasias announced it has completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second largest lender.The Greek bank said it acquired a 2.7% stake of Hellenic Bank’s share...
Hellenic Bank, Cyprus' second largest lender announced net profits amounting to €21 million in the first nine months of 2021, compared with net profit of €40 million in the respective period of last...
The Cyprus Composite Leading Economic Index (CCLEI) continued its annual gains in September indicating a recovery of the economy, which depends however on the development associated with the Covid-19...
The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 10.8% in August 2021, reaching a level of 114.1, after year-over-year increases of 11.2% in July and 11.7% in...
Hellenic Bank, Cyprus` second largest lender posted profit after tax amounting to €21 million in the first half of 2021, while announcing it is pushing for the first significant NPL portfolio...
Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks,...
Eurobank S.A. (“Eurobank”), subsidiary of “Eurobank Ergasias Services and Holdings S.A.” (Eurobank Holdings), announced the acquisition of a 9.9% holding (40,800,000 shares) in Hellenic Bank Public...