Group Financial Highlights

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2017
  • 2017
  • 2016

30/03/2018

Audited Financial Report 2017

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Hellenic Bank Public Company Ltd announces that the Board of Directors of the Bank, during its meeting held yesterday, approved, inter alia, the Annual Financial Report of Hellenic Bank Group for the year ended 31st December 2017. Find below the announcement, Presentation and the Report.

01/03/2018

Preliminary Results 2017

FY2017 was a landmark year, marking the beginning of our transformation journey. We made significant progress in our strategic priorities, strengthening the Bank through the continuous resolution of NPEs and growing the Bank’s franchise by becoming a more customer-centric institution

1st Cypriot bank to agree to sell an NPEs1 portfolio, totaling €145 million

NPEs reduced for 9 consecutive quarters; NPEs ratio at 53,3% (post NPE trade agreement)

NPEs provision coverage at 59,6% (post NPE trade agreement); net NPEs collateral coverage at 136,2%

Net NPEs to Assets at 12,8%, significantly lower than Cypriot peers

28/11/2017

Nine-month results 2017

This was the first profitable quarter following three consecutive loss-making quarters, with a profit after tax of €5,1 million.

Profit before provisions of €65,3 million, compared to €78,3 million in 9M2016

Profit for the quarter of €5,1 million compared to a loss of €12,8 million in the previous quarter

Net Interest Margin increased by 7 bps during 3Q2017 to 2,1%

Loss for the period of €17,8 million, compared to €5,0 million profit for 9M2016

30/08/2017

Interim results 2017

Profit before provisions of €51,8 million, compared to €58,8 million in 6M2016

Net gain of €19,0 million from the disposal of the operations of the Arrears Management
Division as a result of the agreement with APS Holding a.s.

2Q2017 charge for impairment losses and provisions to cover credit risk of €50,3 million

Loss for the period of €22,9 million, compared to €1,1 million profit for 6M2016

24/05/2017

First quarter results 2017

We achieved further progress in executing our strategic priorities during the first quarter of 2017. 

Profit before provisions of €17,1 million, compared to €22,7 million in 1Q2016

Loss before tax of €10,2 million, compared to a profit of €1,1 million in 1Q2016

Loss for the quarter of €10,1 million, compared to a profit of €0,7 million in 1Q2016

Loss attributable to the Bank’s shareholders of €10,5 million, compared to €0,3 million profit
for 1Q2016

Annual report 2016

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In 2016, we continued to actively support recovery of the economy granting €354 million in new loans, equivalent to the one third(1/3) of the total loans given to the island

Ms. Irena A. Georgiadou Chairwoman, Board of Directors

31/03/2017

Audited financial results 2016

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Loss attributable to the Bank’s shareholders for the year ended 31 December 2016 amounted to €63,5 million

02/03/2017

Preliminary results for the year ended 31 December 2016

Following the Meeting of the Board of Directors of Hellenic Bank Public Company Ltd dated 28th of February 2017, we attach hereto:
 ​​​​​​​

the Preliminary Results of Hellenic Bank Group for the year ended 31st December 2016

the relevant Press Release

the Presentation to Investors and

the Publication to daily newspaper

Kindly note that the abovementioned Preliminary Results for the year 2016 of Hellenic Bank Group will be published in the newspaper "Politis" on Thursday 2nd March 2017.

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