Hellenic Bank: Ongoing Resilience And Well Positioned To Support The Economy

08 June 2021

Hellenic Bank: Ongoing Resilience And Well Positioned To Support The Economy

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:

 

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