The Service of the Commission for the Protection of Competition has received a notification concerning of a concentration, in relation to the acquisition of part of the portfolio of loans and a small number of deposits, which relate to the collaterals of certain loans of RCB Bank Ltd, by Hellenic Bank Public Company Limited.
Hellenic Bank Public Company Limited (hereinafter referred to as "Hellenic Bank") is a public limited company duly registered in accordance with the laws of the Republic of Cyprus. Hellenic Bank is a licensed credit institution supervised by the Central Bank of Cyprus. The main activity of Hellenic Bank and its subsidiaries that make up the Hellenic Bank Group is to provide a wide range of banking and financial services that include financial investment and insurance services, custodian services and third-party business receivable agencies, as well as the management and sales of real estate
The target of the present concentration is part of the portfolio of loans and a small number of deposits, which relate to the collaterals of certain loans of RCB Bank Ltd.