Announcement

Further to the announcements of Hellenic Bank Public Company Limited (the “Bank”) dated 22^nd and 24^th March 2022, the Bank announces that it has successfully completed the acquisition of Tranche B of the performing loan portfolio from RCB Bank Limited (“RCB Bank”).

Tranche B relates to Cypriot and other EU exposures of gross book value of c. €64¹ mn, related cash collaterals and other credit balances of c. €2¹ mn and letters of guarantee of c. €1¹ mn.  The main sectoral exposures of Tranche B are: 48% real estate and construction and 40% hotels.

Taking into account the acquisition of Tranche A, as announced on 24^th March 2022, and the acquisition of Tranche B, the performing loan portfolio acquired from RCB Bank totals c. €356¹ mn of gross book value.  

HELLENIC BANK PUBLIC COMPANY LIMITED