"In response to a request by the Cyprus Securities and Exchange Commission to all credit institutions, Hellenic Bank has announced that the changes to the franc/euro exchange rate are not expected to substantially affect the Group’s financial standing and operating results" the press release of this Cypriot bank says.
It notes that thanks to systematic risk hedging and to the effective mechanisms applied; the Bank is not exposed to such foreign exchange risks.
Source: CNA
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Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
