The acquisition of CNP’s insurance operations in Cyprus and Greece is expected to lead to increased and more varied revenue streams for Hellenic Bank, according to a report released this week by international rating agency Fitch.
Hellenic Bank announcement that it has entered into exclusive negotiations and a put option to acquire 100% of the Cypriot and Greek insurance activities of CNP Assurances SA (CNP; A/Stable) has no ...
Meanwhile, in the same article, Andreas Papadopoulos, Head of Commercial Banking at Hellenic Bank, noted that there has been a general decrease in demand for business loans, with the main factors ...
CyprusBanksBank of Cyprus Hellenic Bank ...Central Bank of Cyprus, Announcement on profitability and balance sheets of Cyprus banking sector, April 9, 2024; Financial statements of the Bank of Cyprus and the Hellenic Bank for 2022 and 2023.
The Hellenic Bank and CNP Assurances have announced that they have entered into exclusive negotiations for the acquisition of the insurance activities of the French company in Cyprus for €182 million.
Hellenic Bank on Thursday announced that it has entered into exclusive negotiations and a put option with CNP Assurances for the acquisition of its subsidiary CNPCyprusInsurance Holdings Limited, which operates in Cyprus and Greece.
Everything appears to be proceeding smoothly and insurer CNPCyprus will soon be under the ownership of Hellenic Bank... subject to negotiation based on the portfolio and agreement terms with Hellenic.