Hellenic Bank CEO Bert Pijls announced the bank will provide 70 million of new loans to Cypriot companies with an interest rate starting from 3%, assuring that building on its strong liquidity the bank in 2015 will more than double its new loans and credit facilities compared to 2014.
“The Hellenic Bank in response to the needs of the Cyprus economy, tonight announces that it will double the facility provided to it by European Investment Bank and will offer €70 million of new loans to firms at starting from as low as 3%,” said Pijls addressing ceremony for In Business awards.
Noting that the bank has been capitalised via a rights issue receiving €200 million in fresh capital and that the group`s liquidity stands at €3,5 billion, Pils said “this amount allows us to support the Cyprus economy by offering credit lines to viable households, reliable customers and firms.”
“Hellenic Bank’s contribution does not end here. In 2015, Hellenic Bank is ready to more than double the new loans and credit facilities to the Cyprus economy compared to 2014. It is ready to make its commitment reality. Its commitment to play a leading role in the reignition of the economy,” he said.
“And we can do this because we have committed shareholders, a loyal and continuously increasing client base and prudent management,” he concluded.
CNA/GS/GCH 2015
ENDS, CYPRUS NEWS AGENCY