HELLENIC BANK
Profits reach €383 million in 2024

Hellenic Bank recorded profits of €383 million for 2024. Additionally, the bank announced:
- Strong Capital Position: A Common Equity Tier 1 (CET1) capital ratio of 28.7% and a Total Capital Ratio of 32.2%, significantly exceeding the minimum requirements from regulatory authorities.
- Reduced Balance Sheet Risk: The Non-Performing Loans (NPL) ratio (excluding NPLs covered by the Asset Protection Scheme) is at 2.4%, with the NPL coverage ratio (excluding NPLs covered by the Asset Protection Scheme) at 63%.
- Part of Eurobank Group, one of the leading banking groups in Greece and the region. The merger of Hellenic Bank with Eurobank in Cyprus will create one of the largest financial institutions in Cyprus.
- Acquisition of CNP Cyprus Insurance to establish the largest insurance provider in Cyprus.
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