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Hellenic Bank Group reports financial results for the nine month period ended 30 September 2019


In the beginning of December, Hellenic Bank Group announced financial results for the three and nine-month period ended 30 September 2019. The financial results of the Cyprus Cooperative Bank, which was acquired by the Group in September 2018 and successfully integrated, are fully consolidated, while the consolidated financial results of the Group for 2018 capture only one-month’s impact of the acquisition.

According to the published results, capital ratio is 19,04% and Capital adequacy ratio of 21,53%. Hellenic Bank Group showed robust liquidity position, with a Liquidity Coverage Ratio of 537%. Loans to deposits ratio is 41,5%, and substantial deposit base comprises 89,6% of the total balance sheet.

In the third quarter of 2019, Group’s net interest income was €76,0 million, and profit after taxation was €30,2 million. For nine months, Hellenic Bank Group reported Earnings per share of 25,4 cents, and Tangible Net Asset Value per share of €2,45 as at 30 September 2019. It remained the leading retail bank with the largest number of branch offices and with market shares of 38,5% and 29,8% in household deposits and loans, respectively.

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