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Hellenic Bank posts €55.4 mln half-year profit, new lending surpasses €500 mln
September 21, 2022
Hellenic Bank on Tuesday released its financial results for the first half of 2022, posting a profit of €55.4 million, compared to a profit of €21 million in the corresponding period of 2021.
The uptick in profitability is primarily attributed to improved income performance, continuous cost management efforts, as well as the reversal of certain impairment losses, to the tune of €11.2 million.
In addition, the bank recorded a net interest income of €133 million during this time, with a net interest margin of 1.4 per cent, while its cost-to-income ratio stood at 76 per cent.