Hellenic Bank sees 2020 profit after tax of €50.5mn

10 April 2021

Hellenic Bank sees 2020 profit after tax of €50.5mn

  • 10 April 2021

Hellenic Bank has posted its financial results for the previous fiscal year, exhibiting a solid foundation for the year to come, despite reduced profit and total net income due to the Covid-19 pandemic and its effects on the broader economy.

The bank posted a total net income of €391.3 million, reflecting a 3 per cent drop year-on-year, as well as profit after tax of €50.5 million, a 53 per cent drop from the previous fiscal year. Both of these figures reflect the effect of the pandemic, as well as the limitations imposed on the economy as part of the response from the government in its aim to limit any dire consequences to public health.

 

Continue reading at source: Cyprus Mail

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