In Touch | June 2024
Hellenic Bank
A leading bank in Cyprus, and your most reliable partner. For banking with a personal, human touch and respect
CySEC approves Eurobank’s bid to acquire Hellenic Bank
The Cyprus Securities and Exchange Commission on 25 June 2024 approved the publication of the Takeover Bid Document for the acquisition of up to 100% of Hellenic Bank’s issued share capital. Eurobank currently holds 229,029,857 shares directly, equating to 55.48 per cent of Hellenic Bank’s issued share capital, whose securities are listed on the Main Market of the Cyprus Stock Exchange
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“My Home” – Housing finance reimagined
As traditional banking products are not meeting customer expectations, Hellenic Bank is proudly introducing “My Home”, a housing loan that not only meets, but exceeds modern borrowers’ needs and offers tangible rewards to customers.
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Moody’s reviews Hellenic Bank’s potential upgrade
International credit rating agency Moody’s announced that it has initiated a review for a possible upgrade of all Hellenic Bank ratings and assessments. According to the announcement, this move comes because of the Bank’s improved financial profile and Eurobank S.A.’s acquisition of a majority stake.
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Hellenic Bank releases 2023 ESG Impact Report
The Bank's Annual ESG Impact Report for 2023 summarises the Bank's revised Environmental, Social and Governance initiatives in 2023. The report highlights the progress Hellenic Bank made based against four main strategic pillars, which are key to the Bank’s sustainable growth.
Read more here.
Nicosia’s street overflows with colour and optimism
Hellenic Bank partnered with Nicosia’s Municipality, offering free parking on Kritis Street, parallel to Makariou Avenue, to anyone visiting the city centre. The Eleneion Primary School was invited through the Eco Schools collaboration with Hellenic Bank, to add the children’s representations of a more sustainable city through their drawings, which now decorate the busy street.
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New financing tools for the primary sector
The challenges and trends the primary sector faces, were discussed during the 7th Pancyprian Dairy, Agriculture and Livestock Conference, entitled "Primary Sector: Contemporary Challenges and Future Opportunities".
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Efficiency and innovation from Hellenic Bank by utilising AI
“By adopting automatic credit rating systems and advanced analysis tools, Hellenic Bank offers personalised experiences and improves customer satisfaction”, mentioned Alexandros Ioannou, Associate Manager Enterprise Architecture of Hellenic Bank during the 3rd Digital Cyprus Conference 2024.
Read more here.
The "Financial Literacy Primer" program for kids complete
Financial literacy is not taught in schools and yet is vital to one becoming financially resilient. Hellenic Bank recognises the importance of financial literacy and supports various initiatives aimed at educating the younger generation, and not only, around money principles and best practices related to managing one’s finances.
Read more here.
Interesting Fact
In 2023 Hellenic Bank generated 51.544 kWh of power from renewables, achieving a reduction of 9% in the annual energy consumption and installed solar panels In two main Hellenic Bank buildings.
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