The Group’s audited financial results for 2015 confirm that Hellenic Bank’s profits amount to €13m even after recognising additional provisions of €71m recommended by the regulatory authorities.
Auditors confirm that the profits attributable to shareholders of the parent company amount to €12,1m compared to losses of €118,6m in 2014.
Capital adequacy strengthened in 2015
The Bank exited 2015 having an enhanced capital base which more than covers the additional requirements of the SSM, while at the same time it enjoys a safety margin in its Common Equity Tier 1 ratio (CET1) which amounted to 14,8%. Moreover the Group’s Capital Adequacy Ratio stood at 18, 1% and its Tier 1 Ratio at 17, 7%.
