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Hellenic Bank-RCB Bank loan agreement prevents stronger impact on island’s banking sector
March 24, 2022
Hellenic Bank’s announcement on Tuesday that it will acquire an up to €556m performing loan portfolio from RCB Bank Limited means a stronger impact on the island’s banking system has been prevented.
The unavoidable impact was sparked from the Russian invasion in Ukraine and the prompt EU, British and US sanctions against Russian interests, Philenews reports.