Moody`s has described as a credit positive the fact that Cyprus` Central Bank Governor expects that two largest banks on the island to sell a significant portion of problem loans.Moody`s says that on...
Hellenic Bank presented yesterday the new composite leading economic index.The Cyprus Composite Leading Economic Index (CCLEI) based on the Aruoba, Diebold, and Scotti (ADS) (2009) model approach (...
13/12/2019
The robustness and solidity of the enlarged Hellenic Bank is demonstrated by its nine-month financial results for 2019, according to a press release presenting profit after tax of €89.4 million. It...
02/12/2019
Fitch Ratings has affirmed Bank of Cyprus Public Company Limited`s (BoC) Long-Term Issuer Default Rating (IDR) at ‘B-‘ with a Positive Outlook and Viability Rating (VR) at `b-`, and has also affirmed...
International credit rating agency Capital Intelligence (CI) announced on Thursday that it has affirmed the long term and short-term ratings of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively.The...
22/11/2019
Hellenic Bank has signed a share-purchase agreement with MetLife Services Cyprus Limited (“MetLife”) for the acquisition of the entire participation interest of MetLife, equal to 27,5%, in the share...
30/10/2019
The Hellenic Bank has announced that it has posted a profit of €58.3 million after tax in the first half of this year with CEO Yiannis Matsis noting that the results reflect part from the benefits...
27/09/2019
Cyprus should exploit the current favourable growth momentum to implement structural reforms that would boost the competitiveness of the economy, Hellenic Bank’s Department of Economic Research said...
25/06/2019
Fitch Ratings has upgraded Hellenic Bank Public Company Limited`s (HB) Long-Term Issuer Default Rating (IDR) to `B+` from `B` and Viability Rating (VR) to `b+` from `b`. The Outlook on the Long-Term...
Moody`s Investors Service upgraded Thursday Bank of Cyprus Public Company Limited`s and Hellenic Bank Public Company Ltd`s long-term deposit ratings to B3 from Caa1, and their long-term Counterparty...