Merger of Hellenic Bank and Eurobank Cyprus: Cyprus’ largest banking operator created

Hellenic Bank and Eurobank Cyprus have announced the completion of their merger process, which officially takes effect on September 1, 2025. This was reported by the Hellenic Bank administration after receiving all necessary approvals from regulatory authorities. As a result of the merger, all assets and liabilities of Eurobank Cyprus will transfer to Hellenic Bank.

Based on the Banking Transfer and Security Act of 1997, both banks are combining into a single major financial institution. After the completion of the deal, the organization will change its name to Eurobank Limited. The new bank will offer an expanded range of banking and insurance services to individuals and businesses in Cyprus.

According to Hellenic Bank CEO Michalis Louis, the merger will enable the bank to act as a key driver for the country’s economic development and strengthen Cyprus’ position as an international financial center. Bank representatives emphasize that the transition process will be as smooth as possible for clients, and all existing contracts and banking products will continue to be serviced without interruption.

For residents of Cyprus, this means increased competition in the financial market, the introduction of new digital and insurance solutions, as well as potential updates to account services and loyalty programs. Previous consolidation experiences on the island show that clients usually retain access to familiar services but may receive additional offers and options from the new combined bank.

According to the Hellenic Bank administration, no disruptions in payments or online banking operations are expected during the transition.