Cyprus Business Now

International credit rating agency Moody’s has given a positive assessment on the mooted move by Hellenic Bank to acquire the operations of CNP Insurance in Cyprus and Greece, stating that it will help strengthen the bank’s activity network and revenue streams, thus reducing its dependency on interest income.

According to Moody’s, as stated in the credit prospects bulletin published on Monday, the acquisition, pending regulatory approvals from the competition protection authority and the European Council...