Co-op deal will make Hellenic ‘the leading lender’

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Co-op deal will make Hellenic ‘the leading lender’
 © CyprusMail 2018
The acquisition of part of the Co-op bank will turn Hellenic into the leading lender in retail and small and medium businesses in Cyprus, its CEO said on Wednesday.

Addressing Hellenic Bank’s 44th AGM, Ioannis Matsis said the deal would turn the lender into a stronger entity with improved indicators like non-performing exposures, cost to revenues and profitability.

“A bank that will justify its shareholders’ investment, giving them the suitable returns and making them proud,” Matsis said.

The deal is subject to the shareholders’ approval of the additional capital...


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Co-op deal will make Hellenic ‘the leading lender’


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