According to the announcement of the Cyprus Securities and Exchange Commission (CySEC), on May 11th Demetra Investments increased its stake in Hellenic Bank from 18.42% to 21.01%.
It became known that Demetra Investments bought out a share of the European Bank for Reconstruction and Development (EBRD) for about 10 million euros. Therefore, the company became the largest shareholder of Hellenic Bank.
Also, it is reported on the recent changes in the shareholder structure of Hellenic Bank, which resulted in uncertainty about the membership of new board of directors. The next general meeting of the bank is scheduled for June 26th.