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.
Hellenic Bank 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 participates in deposit guarantee scheme of Cyprus. This scheme covers accounts up to 100 000 EUR per bank per depositor.
Hellenic Bank is a member of Hellenic Bank (Cyprus).
Hellenic Bank is headquartered in Nicosia.
|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 is rated by Fitch and Moody's.
Credit ratings assigned to Hellenic Bank as of May 2018 are shown in details in the following sections.
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 it is set to RD (restricted default). The rating is not on watch. Short-term issuer default rating for Hellenic Bank is set to RD (restricted default).
|Long-Term Issuer Default Rating||RD|
|Short-Term Issuer Default Rating||RD|
|Support Rating Floor||NF|
Viability rating for Hellenic Bank 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).
Long-term rating for Hellenic Bank 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 Bank Deposit Rating||Caa1|
|Baseline Credit Assessment||caa2|
Outlook for the ratings of Hellenic Bank is set to positive (may be raised).
|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 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|
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 and its components are shown in the table below.
|Bank BIC Code||HEBA|
|Country Code||CY (Cyprus)|
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 is shown in the table below.