ECONOMY

Cyprus-based Hellenic Bank meets recap needs

Cyprus-based lender Hellenic Bank said on Friday it had fully met recapitalization needs, adding three new partners to its shareholding structure, including Third Point Offshore Master Fund LP.

The lender was required to raise an additional 294 million euros in regulatory capital.

[Reuters]

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
ECONOMY

First weekly losses after five weeks of gains on the local bourse

ECONOMY

IMF urges Germany to curb exports and help euro partners cut deficits

ECONOMY

Greek manufacturing activity shrinks faster in October, survey shows

ECONOMY

Gov’t aims to raise 1 billion euros by issuing T-bills next Tuesday

ECONOMY

NPLs swell to 65 bln euros, says PwC report

ECONOMY

Aegean adds 15 new destinations