Three largest Cypriot banks, Bank of Cyprus, Marfin Popular Bank and Hellenic Bank, announced Wednesday they will participate in the in voluntary exchange of Greek Government Bonds Read more
Posts tagged ‘Hellenic’
Credit ratings agency Fitch has downgraded Cyprus’ top three commercial banks by a notch each to junk status.
Fitch said Thursday’s downgrade of the Bank of Cyprus, Marfin Popular Bank and Hellenic Bank from BBB- to BB+ is in line with a one-notch cut to Cyprus’ sovereign rating last week to just above junk status. Read more