Eurobank increased its stake in Hellenic Bank to 55.48%, as it announced the purchase of an additional 240,303 shares on Tuesday, with a total value of approximately €0.62 million.
As stated in its announcement, Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., purchased 240,303 shares in Hellenic Bank Public Company Ltd at a price of €2.56 per share, for a total amount of approximately €0.62 million.
After this acquisition, Eurobank directly owns 229,029,857 shares, which represent 55.48% of the total share capital and voting rights in Hellenic.
Reward to consistent mortgage customers
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In addition, Eurobank Cyprus had announced in May 2023 an initiative to support and reward its customers, private consistent borrowers, with a reduction in the final mortgage interest rate by 50 basis points.
As it states in its announcement, this action had the sole purpose of supporting Cypriot households in a period of high lending rates, “proving in practice the perennial effort of Eurobank Cyprus to take initiatives in an economic period with particular challenges”.
Almost 1,400 private customers of the Bank have benefited from the action. The scheme was valid for the period from 01/06/2023 to 31/5/2024 and it automatically included all natural persons borrowers of serviced mortgage loans for the purchase or construction of a first home, which are invoiced with a variable interest rate linked either directly or indirectly (through the Bank's key interest rates) with EURIBOR and regardless of the market value of the first home.
As it states, the Bank will proceed within days with the deposit of the amount into the current account of all those affected customers, solely assuming the significant cost of this action.
