Hellenic Bank posts €24.2 mln profit; CEO Oliver Gatzke pleased with progress

01 March 2023

Hellenic Bank posts €24.2 mln profit; CEO Oliver Gatzke pleased with progress

  • 01 March 2023

Hellenic Bank on Wednesday released its financial results for 2022, posting a full-year profit of €24.2 million, marking a rise of 307 per cent year-on-year.

In addition, it managed to further de-risk its balance sheet, achieving a non-performing exposures (NPE) ratio of 9.8 per cent, while the ratio drops to approximately 3.6 per cent when excluding NPEs covered by the APS agreement.
 
Regarding the bank’s capital position and funding, the bank recorded a capital adequacy ratio of 21.4 per cent, as well as a CET1 ratio of 19.1 per cent, significantly above minimum capital requirements.
 
 
 
Continue reading at source:  Cyprus Mail

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