Blog
Hellenic Bank: Ongoing Resilience And Well Positioned To Support The Economy
June 8, 2021
The Group's Financial Results for the three-month period which ended 31 March 2021, show the robustness of Hellenic Bank and the resilience of its business model.
Highlights:
- 1Q2021 Profit after tax of €12,9 million
- 1Q2021 Profit before impairment losses of €22,9 million
- Strong Capital Position: CET1 ratio of 20,20% and Capital adequacy ratio of 22,54%, significantly above minimum regulatory requirements which for 2021 are set at 9,55% and 14,45% respectively
- A significantly de-risked balance sheet: NPEs ratio to gross loans at 15,8% (excl. APS-NPEs), and Net NPEs to total Assets ratio at 2,7% (excl. APS-NPEs)
Commenting on the Group’s financial results, Phivos Stasopoulos, the Group’s Interim Chief Executive Officer, stated: