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Tag: Hellenic Bank

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Banking Law

Cyprus Banks Reacting to ECB Interest Rate Cuts

19 September 202419 September 2024Michalis C. Zambartasborrowers, cuts, Cyprus, deposits, Hellenic Bank, reduced interest rates

The European Central Bank (ECB) has reduced interest rates for the second time since June. The deposit rate, which is the ECB’s primary tool, was lowered from 3.75% to 3.5%,
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Rating
Banking Law, Financial Services

Fitch Upgrades Hellenic Bank’s and Bank of Cyprus’s Credit Rating

13 November 202313 November 2023Michalis C. ZambartasBank of Cyprus, bb+, fitch, Hellenic Bank, rating, upgrade

On November 3, 2023, international rating agency Fitch announced that they upgraded the credit ratings of Hellenic Bank Public Company Limited and Bank of Cyprus Public Company Limited. Accordingly, Hellenic
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Banking Law, Company Law

EU Negative Interest Rate Policy in Cyprus

10 January 202027 January 2020Michalis C. ZambartasCorporate account holders, Cyprus, EU Negative Interest Rate, Hellenic Bank

As of March 3 2020, Hellenic Bank Plc will start charging negative interest rates on deposits exceeding EURO 100,000. In accordance with the Cyprus News Agency these will only be
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Recent Posts

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  • Deletion of Fines for Failure to Comply with Cyprus Beneficial Owner Registry
  • Confirmation of Beneficial Owner Details in the Beneficial Owner Register
  • Transposition of the EU Mobility Directive into Cyprus Companies Law (Cap. 113)
  • Cyprus Banks Reacting to ECB Interest Rate Cuts

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