Filenews 29 August 2025
Hellenic Bank announced that it has received all supervisory approvals for the merger with Eurobank Cyprus, opening "a new chapter" for the Cypriot banking sector. Under the Transfer of Banking and Collateral Act of 1997, the transfer of all assets and liabilities of Eurobank Cyprus to Hellenic Bank will take place on 1 September.
The merger creates a single financial institution, aiming at upgraded banking and insurance services and supporting the Cypriot economy. At the same time, the name change of Hellenic Bank Public Company Ltd to Eurobank Limited is proceeding, a move that reflects the group's sustainable development strategy and customer-centric approach.
In his statement, Chief Executive Officer Michalis Louis said: "Today's development marks a historic milestone for the banking sector in Cyprus and for all of us in the Group. The consolidation of Hellenic Bank with Eurobank Cyprus creates a strong, unified organization with deep experience, know-how and dynamic... The new Eurobank Ltd is not just a name change. It is the expression of a common vision for sustainable development, technological progress and human-centered service... Our priority remains the smooth and smooth transition to the new era.
