Hellenic Bank’s Ratings Affirmed − Outlook Revised to Positive

Ref: CY005 21 CRA00- 0 1 28 June 20 2 2

Hellenic Bank’s Ratings Affirmed − Outlook Revised to Positive

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has revised the Outlook on the Long-Term Foreign Currency Rating ( LT FCR ) of Hellenic Bank (HB) to Positive from Stable. T he Bank’s LT FCR and Short-Term Foreign Currency Rating ( ST FCR ) have been affirmed at ‘BB-’ and ‘B’, respectively. At the same time, CI Ratings has affirmed HB’s Bank Standalone Rating ( BSR ) of ‘bb-’ and raised the Core Financial Strength ( CFS ) rating to ‘bb’ from ‘bb-’.

The Outlook for the LT FCR has been revised to Positive to reflect the marked improvement in asset quality in recent years and, in turn , reduc ed residual risks to capital . Furthermore, the scheduled NPE securitization in H2 22 is expected to reduce the NPL…