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Nine-month 2019 profit after tax of €89.4 million for Hellenic Bank
CNA - CYPRUS/Nicosia 02/12/2019 12:36

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 also notes that it is a leading retail bank on the island with the largest branch network and with market shares of 38.5% and 29.8% in household deposits and loans, respectively.
The press release says that the bank has strong capital position with a CET1 ratio of 19.0% and Capital adequacy ratio of 21.5%, significantly above minimum regulatory requirements, adding that there is a significantly de-risked balance sheet, since the NPEs ratio was at 25.2% (or 31.8% incl. the APS2-NPEs), and the Net NPEs3 to Assets ratio at 4.0% (or 6.6% incl. the APS2-NPEs).
Hellenic Bank CEO Yannis Matsis says in a statement that “our nine-month 2019 financial resu


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