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Cypriot banks kept on positive outlook by Fitch Ratings
May 12, 2022
Fitch Ratings on Tuesday said that the ratings of the Bank of Cyprus and Hellenic Bank have been kept on Positive Outlook in spite of the escalating global economic dangers stemming from the war in Ukraine.
“We still expect Hellenic Bank (HB, B/Positive) and Bank of Cyprus (BoC, B-/Positive) to progress with their planned disposals and securitisations of impaired loans, an expectation that underpins the Positive Outlooks,” the agency said.