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Eurobank Holds 55.48% Of Hellenic Bank After Acquiring Additional Shares

Eurobank’s share in Hellenic Bank has increased to 55.48%, after the latest acquisition of 240.303 shares, for €0.62 million.

In a press release, Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., announced that on June 11th, it purchased 240,303 shares in Hellenic Bank Public Company Limited at the price of €2.56 per share for a total consideration of ca. €0.62 m. 

Eurobank, following the above acquisition, directly holds 229,029,857 shares representing 55.48% of the total issued share capital and of the voting rights of Hellenic Bank.

Digital Transactions: A Green Approach To Finance In Cyprus

As Cyprus increasingly embraces digital transactions, the environmental benefits of this shift are becoming evident. A recent report highlights that digital payments significantly reduce the carbon footprint associated with traditional banking operations. By decreasing the reliance on physical branches, paper-based processes, and the transportation of cash, digital transactions are contributing to a more sustainable financial ecosystem. This transition is in line with global initiatives to combat climate change and underscores Cyprus’ commitment to promoting a cleaner, more efficient financial landscape.

Digital transactions are not only more convenient and efficient but also significantly less resource-intensive. Traditional banking often involves extensive paperwork, the use of physical infrastructure, and the transportation of money, all of which contribute to higher carbon emissions. In contrast, digital transactions streamline these processes, resulting in lower energy consumption and reduced waste.

The environmental advantages of digital transactions are complemented by their economic benefits. By lowering operational costs and enhancing transaction speed and security, digital payments provide a compelling case for broader adoption. This shift supports sustainable development goals and aligns with the global push towards greener, more resilient economies.

Furthermore, the widespread adoption of digital transactions in Cyprus is expected to drive innovation within the financial sector. With the integration of advanced technologies such as blockchain and artificial intelligence, the digital financial landscape is set to become even more efficient and secure. These innovations not only enhance user experience but also contribute to environmental sustainability by further reducing the need for physical resources.

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