Hellenic Bank
From Wikipedia, the free encyclopedia
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| Type | Public |
|---|---|
| Industry | Finance |
| Founded | 1976 |
| Headquarters | Nicosia, Cyprus |
| Area served | Cyprus, Greece and UK |
| Products | Banking |
| Website | http://www.hellenicbank.com/ |
Hellenic Bank (CSE: HB), is the third largest bank on the island of Cyprus with a 10.47% share of deposits and 7.92% of the loans market. Its shares are listed on the Cyprus Stock Exchange.
The bank was founded in 1976 and in 1996 it bought the local operations of Barclays Bank. A major shareholder (29%) is the Cypriot Orthodox Church.[1] The Church of Cyprus increased its stake in Hellenic Bank through big block trading passed through the Cyprus Stock Exchange on October 10, 2007. Specifically, Athena Cyprus Investments, which was successfully acquired by Hellenic Bank earlier in the year sold 2.8 mln shares of HB at EUR 5.40 amounting to EUR 15.3 mln.
[edit] External links
[edit] References
- ^ "Church of Cyprus Increases Stake in Bank". Yahoo! Finance (Associated Press). Feb 1, 2007. http://biz.yahoo.com/ap/070201/cyprus_church_bank.html?.v=1. Retrieved 2007-02-02.
