Losses of 11.7 million euros were announced for the year 2021 by the Hellenic Bank Group as a result of the extraordinary impairment losses from Project Startlight (sale of a non-performing loan portfolio of 0.7 billion euros).
In contrast, the Class 1 Common Equity Index (CET1) rose to 19.3% and the Capital Adequacy Ratio 21.7% which exceeds the minimum requirements of the supervisory authorities.
Source: politis.com.cy
