On Tuesday, 2 July, Eurobank management announced the purchase of another batch of shares owned by Hellenic Bank.
Eurobank S.A. (a subsidiary of Eurobank Ergasias Services and Holdings S.A.) has purchased 168 shares of Hellenic Bank Public Company Ltd for a total amount of €430.10. The financial institution paid EUR 2.56 for each share. Eurobank now owns 229,030,025 shares of Hellenic Bank, representing 55.48% of the total issued share capital.
For the record, Eurobank previously acquired the first 107,694,301 shares from Hellenic Bank and then another 503,934 shares.
Among the shareholders who relinquished their holdings in Hellenic Bank were Poppy S.à.rl, Senvest Management Ltd and Wargaming Group Limited.
It is important to note that Eurobank Cyprus Ltd is a Cypriot legal entity, established in 2007, which operates independently and is governed by the laws and regulations of the Republic of Cyprus.
Eurobank Cyprus' strategic business model is built on four core principles.
- We provide corporate and investment banking services for local businesses and foreign companies.
- We also provide private banking services for high net worth individuals, residents and non-residents.
- We also provide international businesses with banking services.
- We offer a comprehensive range of treasury products and services.
Since its inception, the bank has been defined by a few key characteristics:
- The bank has a significant size of its own funds.
- The bank's capital adequacy level is 30.6%, including CET1 at 27.1%.
- A high degree of liquidity.