In July 2018, Hellenic Bank purchased the performing loans and deposits of the Cyprus Cooperative Bank, including 75 branches and 1,100 staff, raising €150mn in new capital and making it the second largest Cypriot Bank with a 31% share of the Cypriot deposit market and 20% of the loans market.
In July 2018, Hellenic Bank acquired the Cyprus Cooperative Bank's core business, including 75 branches and 1,100 staff, generating €150mn in new capital and establishing itself as the second-largest Cypriot bank, dominating 31% of the island's deposit market and 20% of the loans sector.