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International credit rating agency Capital Intelligence (CI) announced on Thursday that it has affirmed the long term and short-term ratings of Hellenic Bank (HB) at ‘BB-’ and ‘B’, respectively. The outlook is stable, indicating that the ratings are unlikely to change over the next 12 months in view of the Bank’s large stock of Non-Performing Exposures (NPEs) and significantly impaired capital position due to the high level of unprovided NPEs.According to the rating agency the bank’s core financial strength (CFS) is …
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