Hellenic Bank

Millions of bank accounts of taxpayers and companies will soon be targeted by the tax authorities, with the use of the new system which will scan all their movements.

Cyprus' Hellenic Bank reported a substantial profit of 365.4 million euros in 2023, marking a significant upswing from €21.8 million in 2022.

The fact that the interest rate margin in Greece has been double the European average supports the high profitability of the country's four systemic banks, which in the first nine months of 2023 amounted to 2.8 billion euros out of a total of €131.1 billion which was the total profitability of the 109 systemic banks supervised by the Single Supervisory Mechanism (SSM) of the European Central Ba

Two entities are currently in discussions regarding the acquisition of CNP Cyprus Insurance Holdings, the subsidiary of French insurance giant CNP Assurances.

Prime Minister Kyriakos Mitsotakis has welcomed the decision made by the Competition Commission on Thursday to impose fines totaling 41.7 million euros on five Greek banks, including four systemic ones, and the Hellenic Bank Association for engaging in concerted practices in interbank systems, payment, and electronic transaction services.

The Competition Commission late Thursday imposed fines totaling 41.7 million euros on five Greek banks, including four systemic ones, and the Hellenic Bank Association. The penalties were related to concerted practices in interbank systems, payment, and electronic transaction services.

The divestment of the Hellenic Financial Stability Fund from Eurobank has been postponed by a few days following the acquisition of Hellenic Bank, in an attempt to value the bank based on the new financial data.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at 65.9 million euros, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Wargaming has announced its decision to sell its remaining stake of 6.8% (28,023,767 shares) in Hellenic Bank to Eurobank.

The deal is valued at €65.9 million, equivalent to €2.35 per share.

Eurobank Cyprus, the local subsidiary of Greece's Eurobank Group, will have a controlling share of over 50% in Hellenic, the second largest lender.

Eurobank Cyprus, the local subsidiary of the Eurobank Group with a presence in six countries, has acquired the 17% stake in Hellenic Bank held by Pimco to become the local lender's biggest shareholder, controlling 46.5% of its shares.