Hellenic Bank

Entity type image
Type: Company
Name: Hellenic Bank
First reported Jun 07 2013 - Updated Jun 07 2013 - 1 reports

A major merger in Greece’s banking sector remains possible-

A major merger in s banking sector remains possible, according to the countrys representative in the International Monetary Fund, Thanos Catsambas reports Kathimerini.In a statement issued on Thursday, Catsambas noted the progress recorded in the banking ... [Published Balkans.com - Jun 07 2013]
First reported Jun 03 2013 - Updated Jun 03 2013 - 1 reports

Troika: Six measures for banks

The troika proposed six measures to build confidence in the banking sector, asking by the Cypriot authorities to explain that there will be no new haircut on deposits.The measures were discussed with the troika delegation that visited Cyprus recently ... [Published Stockwatch Cyprus - Jun 03 2013]
First reported Jun 01 2013 - Updated Jun 01 2013 - 1 reports

Would you credit it? Banks fail on debits

Be vigilant: After cancelling a direct debit, check to ensure the bank has complied. Photo: Nic WalkerExiting a direct debit can be a wrestle, with a new Choice investigation revealing that three out of four banks failed to cancel the arrangements pr ... [Published The Scone Advocate - Jun 01 2013]
First reported Jun 01 2013 - Updated Jun 01 2013 - 1 reports

MOKAS cooperating closely with US authorities

Author:  George PsyllidesCYPRUS’ anti-money laundering unit (MOKAS) said it was cooperating closely with US authorities in a major case involving the operators of a digital currency exchange with links on the island through numerous bank accounts.US ... [Published Cyprus Mail - Jun 01 2013]
First reported May 31 2013 - Updated May 31 2013 - 1 reports

Cypriot lender Hellenic Bank posts 31.7-mln-euro loss in Q1

Cypriot lender Hellenic Bank posted a 31.7-million-euro loss in the first quarter, taking a hit from higher provisioning for bad loans and from the sale of its Greek business as part of an international bailout for Cyprus.Hellenic was one of three Cyprio... ... [Published ekathimerini.com Latest News - May 31 2013]
First reported May 31 2013 - Updated May 31 2013 - 3 reports

Bad loans, Greek sale impact Hellenic’s first-quarter profit

NICOSIA — Cypriot lender Hellenic Bank posted a €31.7m loss in the first quarter, taking a hit from higher provisioning for bad loans and from the sale of its Greek business as part of an international bailout for Cyprus.Hellenic was one of three Cypriot ... [Published BDlive - May 31 2013]
First reported May 31 2013 - Updated May 31 2013 - 1 reports

Hellenic Bank: Three-month results 2013

Further to the meeting of the Board of Directors of Hellenic Bank Public Company Ltd held today, which approved the results of the Group for the three months ended March 31, 2012 and pursuant to the CSE Regulations, we attacha) The three-month results ... [Published Stockwatch Cyprus - May 31 2013]
First reported May 30 2013 - Updated May 30 2013 - 1 reports

New CY board named

THE CABINET yesterday announced the new Cyprus Airways (CY) nine-member-board with immediate effect.Businessman Antonis Antoniou was named as Chairman of the board despite rumours that former commerce minister Antonis Michaelides was being lined-up for ... [Published Cyprus Mail - May 30 2013]
First reported May 30 2013 - Updated May 30 2013 - 1 reports

Press: Seven risks for the economy

The major issues in today’s financial press are the European Commission’s note on the seven risks for the memorandum era, the meeting of the CB Governor with the new CEO of Bank of Cyprus and the Annual General Meeting of Hellenic Bank.The newspaper “Phileleftheros” ... [Published Stockwatch Cyprus - May 30 2013]
First reported May 30 2013 - Updated May 30 2013 - 1 reports

Bank of Sydney picks CEO

Bank of Sydney has appointed Julie Elliott as its new chief executive. She replaces James Wakim, who is leaving after two years in the job.Bank of Sydney is the new name for Beirut Hellenic Bank.Elliott was regional general manager for the inner west ... [Published Banking Day - May 30 2013]
First reported May 21 2013 - Updated May 21 2013 - 1 reports

HB: Three-month results on May 31

Hellenic Bank is expected to announce its three-month results on May 31.According to the announcement, its Board of Directors will meet on Friday, May 31, 2013 to examine the results for the first quarter of 2013. The results will be announced to the ... [Published Stockwatch Cyprus - May 21 2013]
Entities: Hellenic Bank
First reported May 21 2013 - Updated May 21 2013 - 1 reports

Piraeus Bank: Net profits 3.62 billion euros

Bank of Piraeus reported net profits of 3.62 billion euros compared with 46 million euros in the same period a year earlier. The figure included 3.41-billion-euro goodwill write-back from the Cypriot takeover and a deferred tax asset of 540 million e ... [Published Capital.gr - May 21 2013]

Quotes

"I run a Cypriot marine & diving company operating in the UAE in the MiddleMiddle East. We have had €400,000 (a 90% retention) frozen by the Bank of Cyprus which was all the money we had to finish mobilizing for the final stage of a project. We desperately need that money to finish our mobilization and complete the project. We must finish the project in order to receive payment for all the work we have already done. We are now without funds in an Arab country that imprisons debtors and we have debts. We can't pay the salaries and wages of our people, and soon won't have enough money to feed them. We stand to lose our marine and equipment assets if we can't pay our debts. We are in very serious trouble and all the pleading and demands that at least some of our funds are released are ignored. We are desperate. We are the only company in this sort of trouble according to the Cypriot Ambassador. There is no protection for foreign nationals in this country. We need our money, we need help. Can you help us please by investigating or publishing our story?" Christopher M Penny
...a Greek-American hedge fund operator and client of the bank who owns an Athens-based investment company in which Piraeus holds the largest share. "This bank has gone from a teetering No. 4 to a solid No. 1 in just a year."
...Given the size of Bank of Cyprus, they stated, "it is key to dispel doubts about its solvency and to stabilize its liquidity situation" says the note. “A good business plan should be established until September, as stated in the memorandum”
...operating officer of AMP Bank, admits that in the past it has given incorrect information to customers on cancelling direct debits, but adds: "We acted quickly to rectify this by making our training material clearer and running additional training sessions."

More Content

All (53) | News (41) | Reports (0) | Blogs (11) | Audio/Video (0) | Fact Sheets (1) | Press Releases (0)
sort by: Date | Relevance
Guest Post: The Real Story Of The Cyprus Debt C... [Published Zero Hedge - 20 hours ago]
Guest Post: The Real Story Of The Cyprus Debt C... [Published Zero Hedge - 21 hours ago]
A Wily Banker Reaches the Top [Published CNBC - Jun 11 2013]
A Wily Banker Reaches the Top [Published AdBanks.net - Jun 11 2013]
A major merger in Greece’s banking sector remai... [Published Balkans.com - Jun 07 2013]
Press: €500k for limousines [Published Stockwatch Cyprus - Jun 04 2013]
Troika: Six measures for banks [Published Stockwatch Cyprus - Jun 03 2013]
Would you credit it? Banks fail on debits [Published The Scone Advocate - Jun 01 2013]
MOKAS cooperating closely with US authorities [Published Cyprus Mail - Jun 01 2013]
Cypriot lender Hellenic Bank posts 31.7-mln-eur... [Published ekathimerini.com Latest News - May 31 2013]
Bad loans, Greek sale impact Hellenic’s first-q... [Published BDlive - May 31 2013]
Hellenic Bank posts 31 million euro loss in Q1 [Published MSN Philippines - May 31 2013]
Hellenic Bank: Three-month results 2013 [Published Stockwatch Cyprus - May 31 2013]
Cyprus Hellenic posts Q1 loss on bad loans, Gre... [Published Sharenet - May 31 2013]
New CY board named [Published Cyprus Mail - May 30 2013]
Press: Seven risks for the economy [Published Stockwatch Cyprus - May 30 2013]
Bank of Sydney picks CEO [Published Banking Day - May 30 2013]
Digital cash arrests cause 'pain' [Published BBC - May 29 2013]
Troika in two speeds [Published Stockwatch Cyprus - May 23 2013]
HB: Three-month results on May 31 [Published Stockwatch Cyprus - May 21 2013]
Piraeus Bank: Net profits 3.62 billion euros [Published Capital.gr - May 21 2013]
Piraeus Bank Posts First-Quarter Net Profit Aft... [Published 4 Traders - May 20 2013]
UPDATE 1-Greece's Piraeus Bank one-off gain mas... [Published Reuters - May 20 2013]
Central Bank of Cyprus commissions study of Cyp... [Published Xinhua News Agency - Apr 29 2013]
You Will Never Receive a Warning From a Central... [Published Zero Hedge - Apr 10 2013]
Detailed guidance: British Forces overseas post... [Published Inside government - Ministry of Defence - Apr 04 2013]
The Cypriot Market Is Tanking Today — But We Ha... [Published Clusterstock - Apr 02 2013]
New Cyprus Business Model: 20% Fee To Move Mill... [Published Zero Hedge - Apr 01 2013]
Political Fallout Begins: Former Cyprus Preside... [Published St George West - Mar 30 2013]
Political Fallout Begins: Former Cyprus Preside... [Published Zero Hedge - Mar 30 2013]
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sort by: Date | Relevance
Guest Post: The Real Story Of The Cyprus Debt C... [Published Zero Hedge - 20 hours ago]
Perfectly timed given the Cypriot President's call for better terms , we look at what really went on to crush this tiny island nation...Submitted by Charles Hugh-Smith of OfTwoMinds blog ,Not only is the bail-in a direct theft of depositors' money, the ...
Guest Post: The Real Story Of The Cyprus Debt C... [Published Zero Hedge - 21 hours ago]
Perfectly timed given the Cypriot President's call for better terms , we look at what really went on to crush this tiny island nation... Submitted by Charles Hugh-Smith of OfTwoMinds blog , Not only is the bail-in a direct theft of depositors' ...
A Wily Banker Reaches the Top [Published AdBanks.net - Jun 11 2013]
But now that he has managed to turn his bank into Greece’s largest, ensuring that Piraeus will be eligible for a bailout from the European Union, Mr. Sallas runs the risk that some of the steps he has taken along the way may come back to haunt him. ...
You Will Never Receive a Warning From a Central... [Published Zero Hedge - Apr 10 2013]
  Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly ...
Detailed guidance: British Forces overseas post... [Published Inside government - Ministry of Defence - Apr 04 2013]
Updated: Updated information on some of the facilities provided in Akrotiri RAF Akrotiri is situated on the Akrotiri Peninsular on the south coast of Cyprus, probably the most sought-after posting in the Royal Air Force (RAF). Accommodation Single ...
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