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Rating agency, Capital Intelligence (CI) affirmed Hellenic Bank’s Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB-’ and ‘B’, respectively, maintaining a stable outlook. The Limassol-based rating agency said the stable outlook indicates the ratings are unlikely to change over the next 12 months. “While most of the Bank’s financial metrics significantly improved following the acquisition of CCB (and continue to improve), the large stock of NPEs and the uncertainties related to the effects of …
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