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Hellenic Bank announces H1 profits of €59.1 million
September 27, 2019
Hellenic Bank announced after tax profits of €59.1 million for the first six months of 2019, with Chief Executive Officer Ioannis Matsis stressing that the six-month results partly reflect the benefits of acquiring the co-op.
A significantly de risked balance sheet, enhanced and sustained profitability and a strong capital position with a CET1 ratio of 18.5% prove that the enlarged Hellenic Bank has a solid, viable, long term business model, that safeguards our depositors and creates shareholder value, the bank said in a statement.
Profit before provisions for the second quarter of 2019 amounted to €33.8 million and after tax profits for the second quarter amounted to €44.2 million.