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Hellenic Bank, Cyprus’ second largest lender, posted a net profit amounting to €50.5 million for the year 2020, despite the pandemic and the consequent elevated provisions for credit risk amounting to €67 million, of which €43 ml associated with the coronavirus pandemic. According to the bank’s financial results the CET1 capital amounted to 20.1% in end-2020 broadly stable compared with end-2019, while total capital adequacy amounted to 22.3% in end-2020 compared with 22.56% the previous year. The bank’s capital said its non-performing …
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