• Profit for the nine months of 2024 reached €284 million, marking a 28% annual increase (from continuing operations).  

• Robust capital position: Adjusted Common Equity Tier 1 (CET1) ratio at 28.3% and Adjusted Total Capital Ratio at 34.1%, significantly exceeding regulatory requirements.  

• Reduced balance sheet risk: NPL ratio (excluding NPLs covered by the Asset Protection Scheme) at 2.4%, with NPL coverage ratio (excluding NPLs covered by the Asset Protection Scheme) at 74%.  

• Member of the Eurobank Group, one of the leading banking groups in Greece and the region.  

• Agreement with CNP Assurances for CNP Cyprus Insurance Holdings to create the largest insurance provider in Cyprus.  

• Leading banking institution with a stable client base and significant market share in households (35% in deposits and 32% in loans).

With respect for the legacy of Hellenic Bank, a new chapter begins in its successful journey, with Eurobank Group now being the main shareholder. Armed with the Bank’s solid foundations, we look forward to shaping an even more dynamic future, placing our clients at the core of our strategy. Strengthening client relationships, modernizing our structures, and accelerating digital transformation are our top priorities. Access to expertise and best practices, as part of a major regional financial group, will significantly enhance service quality for our clients, while also creating value for our staff and all shareholders.  

During the first nine months of 2024, Hellenic Bank delivered remarkable performance despite challenges in the global environment. With a strong capital base and excess liquidity, we are well-positioned to support economic growth, addressing the needs of both individual and corporate clients.  

At the same time, given the geopolitical challenges, we must remain vigilant. We closely monitor economic developments and public finance management, supporting the government’s efforts for prudent fiscal policies. Maintaining fiscal surpluses, reducing public debt, and further upgrading the credit rating of the Republic of Cyprus should remain key objectives. The growth prospects for the Cypriot economy and our banking system are promising, provided we ensure a healthy and competitive economy alongside a reliable and stable legal and tax framework, fostering stability and prosperity in our society.  

Our responsibility as a Bank extends beyond financial performance. We remain committed to sustainable growth and social responsibility. We integrate ESG criteria (Environmental, Social, Governance) into our practices and investments, actively contributing to the creation of a more sustainable and inclusive society.

• Net interest income for the nine months of 2024 amounted to €456 million, up 20% year-on-year, benefiting from high interest rates and balance sheet liquidity.  

• New lending of €705 million during the nine months of 2024.  

• 99.7% of new lending since 2018 remains performing.  

• Cost-to-income ratio at 38.9%.  

• Comfortable liquidity, with a Liquidity Coverage Ratio (LCR) at 583% and €5.3 billion placed with the ECB, allowing the Bank to benefit from rising interest rates.  

• Net loans-to-deposits ratio as of September 30, 2024, stood at 39%, enabling further business expansion.