Insider Business Hellenic Bank announces measures to support public and economy amid crisis

Hellenic Bank announces measures to support public and economy amid crisis

Hellenic Bank said on Friday it is deploying a strategic plan to support the public and the economy from the adverse consequences of Covid-19.

As regards the Finance Minister’s decree on a nine-month loan payment suspension, the bank said that customers who have not yet submitted a relevant request can do so whenever they like up to December 31, 2020, and any loan payments withdrawn by the bank from March 30 until the date of the request will be refunded.

The bank also plans to reward its sustainable customers through a plan to boost their liquidity that is being finalised. The plan, the announcement said, aims to to support households, SMEs as well as large businesses to keep them afloat “through this unprecedented crisis”.

In addition, it is implementing fast-track procedures for anyone who wishes to open an account to receive state grants from Covid-19 support schemes. It will also not block funds received from such aid schemes to settle loans or other customer obligations.

Additional measures:

  • Zero interest for credit cards for a period of two months.
  • Zero charges for wiring funds up to €1,000 in Cyprus and Europe, facilitating money transfers to students abroad. 
  • Free issuing of debit cards. 
  • Registration to the bank’s digital channels without visiting branches.
  • Increase of cash deposits at ATMs from 10,000 to 30,000 euros.

Finally, the bank said it will actively support the most vulnerable at this time mentioning its collaboration with the Red Cross and Hope for Children, and is also boosting medical professionals by donating protective gear. At the same time, it said it is in regular communication with the Ministry of Health for any requirements that may emerge.

Read more:

BoC announces measures to support public amid crisis

Top Stories

5 day remand for husband in major fraud case against wife accountant

  The 63 year old husband of a 49 year old former head accountant in a Limassol based group of companies, suspect in a case...

One Covid patient remains at Famagusta referral hospital, 10 at Tersefanou rehabilitation

  One coronavirus patient remains at Famagusta General Hospital, the referral institution for the disease. He is reported to be in stable condition. Since March 11, when...

Police helmet appeal after fatal road accident

  Police have issued an appeal to motorcyclists to wear their helmets, following a fatal accident in Paphos at dawn. The town's superintendent, CID head Michalis...

Health minister hails responsible behavior after English pubs reopen

  People in England appear to have broadly behaved themselves as pubs reopened this weekend, Britain’s health minister Matt Hancock said after the latest step...

Eight arrivals in Paphos from Israel and European destinations

  Eight flights were expected today at Paphos International Airport arriving from Berlin, Thessaloniki, Kiev, Krakow, Bergamo, Liverpool, Katowice and Tel Aviv. According to Hermes Airports,...


Cyprus sprouts with cream and prosciutto

In a big, deep frying pan, fry the prosciutto in the olive oil, on medium heat for 2 minutes. Add the onion and garlic...

Pork burger with sundried tomatoes, mozzarella and anchovies

Mix all the ingredients together with the mince in a bowl, and combine well. Divide into 4 balls and form the burgers. Warm a griddle/pan...


Wash the lamb cauls with plenty of cold water and let them settle in water and vinegar for a little while. Soak the bread crumbs...

Loukaniko Pitsilias – Pitsilia Sausage

Pitsilia sausage is produced in the Pitsilia region from pork minced meat that is “cooked” ( matured) in the dry red wine of the...