Hellenic says parliament put end to insecurity

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Hellenic says parliament put end to insecurity
 © BusinessMail 2018
By Stelios Orphanides

Hellenic Bank said on Monday that Sunday’s vote at the parliament which paved the way for the completion of the deal with the Co-op puts an end to the insecurity of recent months, marked by massive deposit withdrawals by the customers of the government-owned lender.

With the completion of the deal, subject to shareholder and supervisor approval, “Hellenic Bank’s balance sheet will be considerably strengthened while the considerable reduction of the non-performing loans ratio and other synergies will lead to a reduction of the risk in the balance...


This article was automatically added to our system 9-7-2018

Hellenic says parliament put end to insecurity


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