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Hellenic Bank posts €69.7 million first quarter profit — focus on transformation plan
June 23, 2023
Hellenic Bank on Friday released its financial results for the first quarter of 2023, posting a profit of €69.7 million, solidifying a robust performance during this period, while the bank’s transformation plan continues to be implemented.
The bank explained that the organisation’s strategic plan to transform the bank aims to address structural challenges, and focuses on digitalisation and efficiency improvements.
According to the published information, the bank is in a solid capital position, with a CET1 ratio of 19.3 per cent and a capital adequacy ratio of 25.1 per cent, significantly above minimum regulatory requirements