Hellenic Bank’s Ratings Affirmed and Placed on a ‘Positive’ Outlook

Capital Intelligence Ratings (CI Ratings or CI), has assigned a ‘Positive’ Outlook to Hellenic Bank’s (HB) Financial Strength Rating (FSR). The rating action reflects the positive trend in loss reserve coverage, as well as the improved outlook for the Cyprus economy, with sustained economic growth and an improving property market expected to contribute to a reduction in the Bank’s NPLs.