Cyprus News Agency

Trending-news
     CNA   EU technical team to visit Cyprus for additional assistance on Migration     CNA   Deputy Government Spokeswoman: A new initiative on Cyprus needs to be well-prepared

Deal with CCB set to change Hellenic Bank and its future potential, the Bank’s CEO tells the AGM
CNA - CYPRUS/Nicosia 11/07/2018 14:03


The agreement for the acquisition of certain assets and liabilities of the Cyprus Cooperative Bank (CCB) would change completely the Hellenic Bank and its future potential, said CEO of the Bank Ioannis Matsis, in his speech at the 44th Annual General Meeting of Shareholders on Wednesday.
 
As he said, this transaction would turn the Hellenic Bank into a leading bank in retail and small and medium-sized businesses banking in Cyprus.
 
He also said that after the transaction, the Hellenic Bank would turn into a more robust bank with improved financial indicators, such as the levels of Non-Performing Exposures (NPEs), the cost-to-income ratio and the expected profitability.

(CNA)

*The full text of the news item is available in the paid version of the CNA web service. Subscription Form

*CNA reserves the copyright to the news stories it files, which is granted to subscribers for specific use only.
   

Closing:19/10/2018
Volume:7.415.761,50
CSE:67,400  0,820%
FTSE/CySE:40,320  0,700%
Nicosia33°C
Larnaca31°C