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Hellenic Bank’s Bold Steps in 2025: A Dive into Their Financial Strategies

by News Editor

May 9, 2025

In a noteworthy first quarter of 2025, Hellenic Bank disbursed new loans amounting to €404 million, of which €75 million were dedicated to green financing, marking a significant 19% of their total loans. This strategic focus on sustainable finance highlights Hellenic Bank’s commitment to environmentally conscious lending.

Breakdown of New Loans

During the quarterly review (Read more), it was revealed that retail loans reached €123 million, with €87 million directed towards housing. Corporate loans totaled €105 million, while commercial loans and shipping/international credits accounted for €48 million and €127 million, respectively. Hellenic Bank’s dedication to solvency and prudence is evident as 99.6% of the loans issued post-2018 remain serviced.

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Performance Highlights and Market Position

CEO Michalis Louis noted a dynamic start to 2025 with the bank achieving €45 million in profits after voluntary exit plan expenses. Their market share in new lending increased to 25.2% as of March 31, 2025, from 20.3% at the end of 2024, underscoring their growth strategy. The bank also maintains a robust liquidity coverage ratio (LCR) of 493% with €5 billion in the European Central Bank, demonstrating financial stability.

Strategic Growth and Acquisitions

Hellenic Bank is poised for strategic integration with Eurobank Cyprus, reinforcing its financial service capabilities post the acquisition of a significant stake by Eurobank. Additionally, the completion of the CNP Cyprus Insurance Holdings acquisition sets the stage for increased market leverage (Explore more). This integration aligns with the goal to become a leading financial service provider in Cyprus.

Challenges and Interest Revenue

While net interest income fell by 9% due to reduced interest from loan portfolios and ECB rate cuts, Hellenic has offset this through enhanced income from repurchase agreements and decreased borrowing costs, as elaborated in their recent financial statements.

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Cyprus Unveils €2.5 Million Electric Vehicle Initiative to Accelerate Clean Transport

by THEFUTURE.TEAM

June 25, 2025

The Cabinet has approved a strategic €2.5 million funding initiative designed to bolster the electric and hybrid vehicle market across Cyprus. Transport Minister Alexis Vafeades detailed that the scheme is a cornerstone in the nation’s pursuit of enhanced electric mobility—a critical factor in achieving its ambitious environmental targets.

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Strategic Funding for A Greener Future

This robust government-backed plan will offer grants for both new and used electric vehicles, thereby making clean transportation more accessible. By reducing financial barriers for consumers, Cyprus is taking proactive measures to accelerate the adoption of sustainable technologies and stimulate market demand for green mobility solutions.

Phased Grant Allocation and Preexisting Funds

Before launching the new scheme, the ministry will reassign 97 vehicle grants and 18 motorcycle grants from previous rounds that had either been cancelled or not linked to orders. Minister Vafeades confirmed that once these preexisting grants are utilized, the new funding will fully activate. A total of 260 new grants remain available at unchanged amounts, ensuring continuity for applicants who ordered vehicles after the previous scheme ended.

Ensuring Continuity Under The Recovery And Resilience Plan

The initiative not only reinforces Cyprus’s commitment to sustainable transport but also seamlessly integrates with the Recovery and Resilience Plan, safeguarding against wasted allocations. With approximately 100 grants from the earlier round still unclaimed, these will be reissued in priority order, ensuring every available opportunity is effectively leveraged.

Further details regarding grant categories, launch dates, and terms are expected to be published on the Road Transport Department’s website, cementing this strategic plan as a pivotal step towards a greener, more sustainable future in Cyprus.