RCB Bank has embarked on an “orderly winding down” of its Cyprus banking operations, following the announcement a month ago of the transfer of shares held by Russian entities to local stakeholders,
RCB Bank has sold a good part of its loanbook, described as a “performing loan portfolio” which is well collateralised and comprises of mainly corporate loans, to Hellenic Bank for €556 mln,
Hellenic Bank announced a 19% increase in first half profits to €21 mln, from €17.7 mln in the same period last year, with the Group chief executive describing it as “solid performance”.
Hellenic Bank has set up a dedicated unit to deal with ‘green economy’ issues, as well as implementing ESG principles of environmental and social responsibility and implementing sound governance practices. The bank, which
Third Point Hellenic Recovery Fund L.P. is selling its 12.6% stake in Hellenic Bank to Athens-based Eurobank SA for an estimated €41.6 mln, ending fund manager Daniel Loeb’s unproductive venture into the
Hellenic Bank received a vote of confidence from a leading rating agency on Monday, days after Cyprus’ second-largest lender announced Q1 net profits of €12.9 mln, the fourth consecutive quarter in positive
Hellenic Bank has recruited a new CEO, Oliver Gatzke, a former Big Four advisory partner and senior executive at Hamburg Commercial Bank, the second non-Cypriot to lead the bank in recent history.
Hellenic Bank posted a net profit of €40 mln in the first nine months marking a 55% dip in profits from last year, due to increased provisions to cover credit loss during
Capital Intelligence Ratings has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) of Hellenic Bank at ‘BB-’ and ‘B’, respectively, as well as a ‘stable’
Moody’s Investors Service affirmed all ratings and assessments of Bank of Cyprus and Hellenic Bank, including their long-term deposit ratings of B3. The outlook on both banks’ long-term deposit ratings remains positive.
