Hellenic Bank Public Company Ltd

Hellenic Bank started its operations in 1976. Hellenic Bank provides a wide range of products and services in personal and business banking. Alongside traditional banking products, Hellenic Bank also offers a broad range of financial services that include factoring, brokerage services, insurance, portfolio management, investment banking, mutual funds, private banking and custodian services.

Financials

Total Assets (2017)
6 846.64 mln EUR  (-2.71%)
Net Income (2017)
-45 045 000.00 EUR  (-28.11%)

Hellenic Bank Public Company Ltd is the 2nd largest bank in Cyprus in terms of total assets. In 2017 its total assets were 6 846,64 mln EUR. In 2017 the bank's net income was -45,05 mln EUR.

Hellenic Bank Public Company Ltd is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is RD (restricted default). Long-term credit rating assigned to the bank by Moody's is Caa1 (substantial risks).

Hellenic Bank Public Company Ltd participates in deposit guarantee scheme of Cyprus. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Hellenic Bank Public Company Ltd is a member of Hellenic Bank (Cyprus).

Contacts

Corner 200 Limassol Avenue and Athalassas Avenue, Strovolos, 2025, Nicosia, Cyprus
+357 22 500500

Hellenic Bank Public Company Ltd is headquartered in Nicosia.

Bank Identifiers

BIC (SWIFT)
HEBACY2N
MFI ID
CY110005

Financial Positions

Total Assets (2017)
6 846.64 mln EUR  (-2.71%)

In 2017 total assets of Hellenic Bank Public Company Ltd were 6 846.64 mln EUR. Decline compared to the previous period (2016) was -2.71%. The evolution of the total assets of Hellenic Bank Public Company Ltd is shown at Chart 1 below.

Total Assets of Hellenic Bank Public Company Ltd.

Chart 1. Total Assets of Hellenic Bank Public Company Ltd.

Profit and Loss

Net Income (2017)
-45 045 000.00 EUR  (-28.11%)

In 2017 net income of Hellenic Bank Public Company Ltd was -45 045 000.00 EUR. Decline compared to the previous period (2016) was -28.11%. The evolution of the net income of Hellenic Bank Public Company Ltd is shown at Chart 2 below.

Net Income of Hellenic Bank Public Company Ltd.

Chart 2. Net Income of Hellenic Bank Public Company Ltd.

Market Share and Rank (among banks in Cyprus)

Total Assets (2017)
2nd

In 2017 Hellenic Bank Public Company Ltd was ranked the 2nd largest bank in Cyprus in terms of total assets.

Several banks having the market shares and ranks closest to Hellenic Bank Public Company Ltd are shown below.

RankNameTotal Assets
1Bank of Cyprus Public Company Ltd20903.09 mln EUR
2Hellenic Bank Public Company Ltd6846.64 mln EUR
3USB BANK PLC754.67 mln EUR
 

Credit Ratings (as of May 2018)

Fitch Moody's
RD (restricted default) Caa1 (substantial risks)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Hellenic Bank Public Company Ltd is rated by Fitch and Moody's.

Credit ratings assigned to Hellenic Bank Public Company Ltd as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Hellenic Bank Public Company Ltd it is set to RD (restricted default). The rating is not on watch. Short-term issuer default rating for Hellenic Bank Public Company Ltd is set to RD (restricted default).

Long-Term Issuer Default Rating  RD
    Outlook  -
    On Watch  No
Short-Term Issuer Default Rating  RD
Viability Rating  f
Support Rating  5
Support Rating Floor  NF

Viability rating for Hellenic Bank Public Company Ltd is set to f (has failed, and that either has defaulted or would have defaulted had it not received extraordinary support); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Hellenic Bank Public Company Ltd it is set to Caa1 (substantial risks). Long-term bank deposit rating is Caa1 (substantial risks). Baseline credit assessment is caa2. Short-term rating is not assigned.

Long-Term Rating  Caa1
Long-Term Bank Deposit Rating  Caa1
Baseline Credit Assessment  caa2
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Hellenic Bank Public Company Ltd is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Cyprus are obliged to participate in Cyprian deposit guarantee scheme.

In the case of Hellenic Bank Public Company Ltd failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Hellenic Bank Public Company Ltd and its components are shown in the table below.

BIC  HEBACY2N
Bank BIC Code  HEBA
Country Code  CY (Cyprus)
Location Code  2N
Branch Code  -

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Hellenic Bank Public Company Ltd is shown in the table below.

MFI ID  CY110005