The Hellenic Bank Group is expected to present the 3-year Strategic Plan 2006-2008, which has been approved by the Board of Directors recently, on Tuesday afternoon.
In 2005, the Hellenic Bank accumulated profits of £7.5 million against losses of £15.3 million in 2004. In the first half of 2006, the Group announced profits of £15.3 million against profits of £0.8 million in the corresponding period of 2005. Its impressive profitability signaled the revision of its targets for the equity yield in 2006 from 11% to 13% and the expenses to revenues index to 65% from 69%.
In 2005, the Hellenic Bank accumulated profits of £7.5 million against losses of £15.3 million in 2004. In the first half of 2006, the Group announced profits of £15.3 million against profits of £0.8 million in the corresponding period of 2005. Its impressive profitability signaled the revision of its targets for the equity yield in 2006 from 11% to 13% and the expenses to revenues index to 65% from 69%.
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