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have not yet submitted a relevant request can do so whenever they like up to December 31, 2020, and any loan payments withdrawn by the bank from March 30 until the date of the request will be refunded.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

30-year-old arrested for breaking into and stealing from photo studio

A 30-year-old in Paphos has been remanded in custody for breaking into and stealing from a photo studio. The police are also looking for...

Woman in custody for knife possession

The Dhekelia British Bases police arrested a woman near the Strovilia checkpoint regarding possession of two large-bladed clasp knives. The policemen found the woman in...

SMS for Troodos – The nature trails

The Nature Trails constitute one of the most special choices of outdoor activities and particularly during this time of year, when we have no...

Electricity Authority: New prices in place

Every year the EAC is obliged to submit to the Cyprus Energy Regulatory Authority (CERA) new tariffs for approval. The prices are calculated aiming...

Three aftershocks recorded after Thursday’s earthquake

Three aftershock measuring less than 2.5 on the Richter scale have been recorded since the big earthquake that took place on Thursday, at 16:27,...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...