The Central Bank of Cyprus has designated Bank of Cyprus Public Company Ltd, RCB Bank Ltd, Hellenic Bank Public Company Ltd, Eurobank Cyprus Ltd and Αlpha Bank Cyprus Ltd as Other Systemically...
The shareholders of the Hellenic Bank approved Wednesday an equity capital increase of €150 mn required to complete the acquisition of Co-op bank assets.Chairman of the Board of Directors Yussef Nasr...
23/08/2018
Fitch Ratings has placed Hellenic Bank ‘s Long-Term Issuer Default Rating (IDR) of `B` and Viability Rating (VR) of `b` on Rating Watch Positive (RWP), following the announcement on June 25, that the...
02/07/2018
Hellenic Bank estimates that the Cypriot economy will grow at a rate of 4.2% in 2018. The Bank expected growth to be supported by private consumption and investment and by an improving and robust...
25/04/2018
Fitch Ratings has affirmed Bank of Cyprus`s (BoC) Long-Term Issuer Default Rating (IDR) at B-and Hellenic Bank`s (HB) Long-Term IDR at B. The Outlooks on both banks` Long-Term IDRs are Stable. Fitch...
The European Investment Bank (EIB) will sign new loan agreements with the Cyprus Cooperative Bank and Hellenic Bank amounting to €25 million and €40 million respectively.The loan agreements, under...
09/01/2018
The Hellenic Bank has announced a profit of €5.1 million after tax for the third quarter of 2017, recording the first profitable quarter after having reported losses for three continuous quarters....
01/12/2017
Capital Intelligence Ratings (CI) has assigned a positive outlook to Hellenic Bank`s (HB) Financial Strength Rating (FSR), reflecting the positive trend in loss reserve coverage, as well as the...
22/11/2017
Wood and Company announced today lower estimates for Hellenic Bank. “We remain cautiously optimistic on Hellenic Bank due to its distressed multiples, good capital and a high NPE coverage ratio....
26/10/2017
Hellenic Bank, Cyprus' second biggest commercial Bank, announced on Friday a loss after tax of €13 million for the second quarter and a total loss of €22,9 million for the first half of 2017, due to...
29/09/2017