In Touch | October 2023
Hellenic Bank
A leading bank in Cyprus, and your most reliable partner. For banking with a personal, human touch and respect
Moody's upgrades Hellenic Bank ratings?
Moody's Investors Service has upgraded Hellenic Bank’s ratings, including its long-term deposit rating to Baa3 from Ba1 and the Baseline Credit Assessments (BCAs) and Adjusted BCAs to ba2 from ba3. Hellenic Bank's long-term ratings and assessments upgrade reflects Cyprus' higher Macro profile of "Moderate", underpinned by the resilience of the Cypriot economy and overall credit conditions, that in turn reduces the Bank's credit risk. The higher ratings also reflect continued gradual improvements in asset quality and capital metrics, and a significant strengthening in the Bank's core profitability.?
We choose “green” and reduce our energy consumption
Our green buildings, our environmental standards, the reduction of our energy consumption, our investments in green businesses and practices and our overall environmental approach have set Hellenic Bank as one of the greenest organisations in Cyprus. In 2022, the Group reduced electricity consumption by 8.3% (yoy, total kWh), carbon dioxide emissions (Scope 1) by 15.6% yoy and carbon dioxide emissions (Scope 2) by 11% yoy. The goal for 2030 is to reduce energy consumption by 36%, reduce CO2 emissions by 55% and 40% of the total energy consumption to derive from renewable sources.?
A trusted partner for your business customers
“We know how hard it is to operate in a constantly changing and demanding environment and how important it is to have a trusted and stable partner”, said Hellenic Bank’s interim CEO Mr. Antonis Rouvas during a business networking event at the City of Dreams Mediterranean in Limassol, reassuring business customers that Hellenic Bank will always stand by their side. Hellenic Bank’s customer-centricity is evident in the organisation’s operations and functions, and the focus is on supporting its business customers and responding to their needs with tailor made solutions.
“The Legal 500 GC Powerlist: Greece & Cyprus 2023”
Demetra Papaleontiou, Head of Group Legal Services was included in “The Legal 500 GC Powerlist: Greece & Cyprus 2023”. The event took place on?12 October 2023 at?the?Four Seasons Astir Palace Hotel, Athens.??
GC Powerlist highlights the very best GCs and?senior in-house legal counsel from across the region and the selection was made following?a comprehensive research process over many months.?
Young Entrepreneurship Awards “Γε’ ν?ο Επιχειρε?ν”
We believe in the power of youth and understand how important it is to recognise and promote young entrepreneurship. Hellenic Bank sponsored the 6th Award Ceremony for young entrepreneurs under the age of forty. “We hope that these awards will inspire and motivate even more young people to engage in business. This will lead our country to a more sustainable, self-sufficient economic growth", said Mr. Andreas Papadopoulos, Head of Commercial Banking.
Interesting fact
Moody’s upgraded the Bank’s credit rating by two notches to Baa2 from Ba1 and adjusted baseline credit assessment from Ba3 to Ba2, after twelve years.
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