Hellenic Bank Public Company Ltd

Group Milestones



The Bank becomes the first bank internationally that is certified with the environmental quality mark Green Key for its Head Office and Green Offices for 16 of its buildings. The Bank proceeded with the sale of the Group’s Russian Subsidiary, at an arm’s length basis with Russian investors as counterparties, after having obtained the necessary approvals from the Central Bank.


The Bank sells its subsidiary as part of the Group’s continuous efforts for more effective management of available resources, capital planning, active risk management and risk-weighted assets and to focus on key markets.


Hellenic Bank’s Net Banking Service is awarded, in a competition of the international magazine Global Finance, as The Best Consumer Internet Bank in Cyprus and The Best Corporate/Institutional Internet Bank in Cyprus.


Hellenic Bank is ranked the Safest Bank in Cyprus for 2014 in a survey of the internationally reputable “Global Finance Magazine” carried out in more than 100 countries worldwide.


Hellenic Bank raises €201 mln capital through the successful completion of the Subscription and the Presubscription phase.

Group Milestones

The Bank begins operations with a branch in Nicosia and 33 employees.  

The subsidiary company, Hellenic Bank (Finance) Ltd, is founded, providing asset finance.  

The subsidiary company, Hellenic Bank (Investments) Ltd, is founded, providing investment services. The Card Services Department is established and the first Hellenicard Visa is launched.  

The Telebank service is introduced for the first time in Cyprus.  

The Insurance Services Department is founded. The first International Business Centre of its kind is founded in Limassol.  

Network of Automatic Teller Machines (ATMs) is established, providing a 24-hour service.  

Α new International Business Centre begins operations in Nicosia.  

Acquisition of the operations of the onshore facilities of Barclays Bank PLC in Cyprus.  

The Card Services Department launches the first credit card in association with Mastercard. Hellenic Bank (Investments) Ltd forms a business alliance with Merrill Lynch International.

The first branch of Hellenic Bank opens in Greece, in the Kolonaki area of central Athens. Opening of Representative Offices in Sandton, South Africa and Moscow, Russia. Hellenic Bank (Finance) Ltd offers asset finance in the form of leasing facilities.  

Acquisition of the Ledra and Pancyprian insurance companies by the Hellenic Bank Group. Creation of the Hellenic Bank (Factors) Ltd subsidiary.  

A new insurance company is launched called Hellenic Alico Life Insurance Company Ltd for the provision of bancassurance products, following an agreement between the Hellenic Bank and the American Life Insurance Company (Alico AIG Life). Expansion of the Hellenic Bank branch network in Greece continues with the opening of six new branches, including the first in Thessaloniki.  

Hellenic Alico Life provides bancassurance products through the Bank's branch network across Cyprus.    Opening of the Larnaca International Business Centre.  

Launch of Hellenic Net Banking. Launch of the Hellenic Bank Customer Service Line. Opening of the Paphos International Business Centre. Hellenic Bank Greece launches operation of new company Hellenic Trust AEPEY.  

Adoption of the Corporate Governance Code. Implementation of the new organisational structure of the Bank. Integration of the group’s subsidiary insurance companies “Pancyprian Insurance Ltd” and “Ledra Insurance Ltd” under Pancyprian Insurance Ltd. Hellenic Bank Investments Ltd obtains a license from the Securities and Exchange Commission to operate as a Cyprus Financial Services Company.  

Expansion of the branch network in Greece with nine new branches. Adoption of EFQM (European Foundation for Quality Management).  Promotional campaign adopting the Hellenic Bank's slogan: “Evolution is in our nature.” Design and introduction of the Quality Evolution Programme.

Expansion of the branch network in Greece with two new branches. The Ukrainian Central Bank grants approval for the opening of a Representative Office in Kiev. Creation of Representative Office in St. Petersburg, Russia. Public offer made for 100% acquisition of the share capital of “Athena Cyprus Investment Fund Ltd”. The public offer was successful

and Hellenic Bank now owns 78% of the company.  

Expansion of the branch network in Greece continues with two new branches in Patra, Peloponnese and Chania on the island of Crete. The Representative Office in Kiev, Ukraine commences operations. Within the context of the decision to establish banking operations in Russia the Group submits to the Central Bank of the Russian Federation a relevant application for the establishment of a subsidiary bank in Moscow.


The Central Bank of the Russian Federation grants Limited Liability Company Commercial Bank “HELLENIC BANK”, a fully owned subsidiary of the Group, a banking license for the Moscow region. The Private Banking Unit was recognised by the Euromoney Magazine as the “Best Private Banking Unit” in Cyprus.

Creation of green loan “Eco Autoloan” for the purchase of hybridic/electric cars. Hellenic Net Banking is awarded from the Global Finance magazine as the “Best Integrated Consumer Bank Site” in Europe.Signature of agreement between Hellenic Bank and European Investment Bank for concession of loans with favourable terms to small and medium-sized enterprises in Cyprus and Greece.

Buckets placement, in all Hellenic Bank branches in Cyprus, for the collection and recycling of domestic batteries, in collaboration with AFIS CYPRUS LTD.

Hellenic Bank succeeds the European Union Banking Stress Test Exercise. With this exercise, carried out on Bank’s initiative, it is assured that it enjoys a healthy financial position, maintaining its strong capital base sufficiency even in the worst case scenarios.   Hellenic Bank Group, within the framework of its environmental policy, had signed the petition against Climate Change, in order to contribute towards the national targets of Cyprus to safeguard the environmental balance.   The Hellenic Net Banking for Business of Hellenic Bank, has been acclaimed as one the best electronic banks for companies operating in Europe, through the contest of the International Magazine Global Finance. Elected as the best electronic bank in Cyprus, in category “Best Corporate / Institutional Internet Banks”.   Hellenic Bank was awarded with the Citi Performance Award of the Citi Bank for its fully automated swift transactions towards Citi Bank.


Hellenic Bank Group achieves one more of its strategic targets and empowers its presence abroad. Hellenic Bank operates its first branch in the Russian capital, offering full banking operations as from the 11th of January 2011. The company owned branch is located in the heart of the Russian capital, Moscow.

Hellenic Bank opens its second International Business Centre in Nicosia.


Hellenic Bank opens the Shipping Business Centre,  the first of its kind in Cyprus, dedicated to exclusively serving the shipping business community of the island and capitalizing on the long standing tradition of the Bank’s affiliation with the shipping industry sector.

Hellenic Bank announces that following the bilateral agreement between Cyprus and Greece and as dictated by the Troika, on 26 March 2013 Hellenic Bank has agreed to sell its branch network in Greece to Piraeus Bank according to the indications of the Ministry of Finance and the Central Bank of Cyprus.

Hellenic Bank Group is granted with the Corporate Social Responsibility Award in Environmental Issues at the Third Environmental Awards of Green Dot Cyprus.

Hellenic Bank Group secures its autonomous course and plays an important role in boosting the Cyprus economy. It successfully completes the enhancement of its Capital Base, drawing €358 million and overbalancing by €64 million the capital deficit of €294, which was imposed on the basis of the extreme scenario of PIMCO, ensuring consequently a Core Tier 1 Ratio over 9%.

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