Hellenic Bank, one of Cyprus' leading financial institutions, has emerged as the most robustly capitalised systemic bank in the country following the successful completion of the European Central Bank's (ECB) stress test for 2023, the bank said. According to a Hellenic Banks' press release, the stress test results 'affirm our position as the most adequately capitalised Systemic Bank in Cyprus, both under baseline and stress conditions and is also reflective of a more resilient credit risk profile.' The ECB stress test results, it is also noted, exhibit significant improvement from the same, previous exercise which run in 2021 affirming Hellenic Bank's strong capital adequacy position and are a testament to the resilience and credit outlook of the Bank, under Stress conditions. This is evidenced by the Min Capital position under the Stress horizon which has exhibited a two notch upgrade in ECB Bucket classification as well as in the Max Capital depletion which has exhibited one notch upgrade.

Source: Cyprus News Agency