Greece’s Eurobank S.A. announced on June 27 its intention to explore a parallel listing of its shares on the Main Market of the Cyprus Stock Exchange (CSE), further deepening its strategic footprint in the region. The move follows the bank’s recent acquisition of 100% of Hellenic Bank—the largest foreign investment in Cyprus to date—and reflects Eurobank’s long-term vision to bolster its presence in the Cypriot economy and support the growth of the local capital market.
The potential listing would take place alongside the bank’s shares already traded on the Athens Stock Exchange, and is contingent on receiving the necessary corporate approvals. If confirmed, the listing is expected to follow the merger between Eurobank and its parent company, Eurobank Holdings, in the final quarter of 2025.
Eurobank’s commitment to Cyprus comes at a transformative time. With the full integration of Hellenic Bank and the rebranding of the new entity as “Eurobank” from July 1, the lender will emerge as the strongest player in the country’s banking sector. The new bank will combine the local knowledge and trust built by Hellenic Bank with the international infrastructure of Eurobank Group, offering a wider range of competitive financial services and digital capabilities.
The merger positions Eurobank as a regional banking powerhouse, with total assets of €27 billion, deposits of €23 billion, and a 42% market share in deposits and 36% in loans. In 2024 alone, the bank contributed over €61.5 million to the Cypriot economy in taxes and social contributions, and employs more than 3,000 people.
Customers are assured of a seamless transition, with all existing banking details, services, and digital tools remaining active during the integration period. Joint branch servicing is planned, ensuring that clients from both legacy institutions are served efficiently.
By pursuing a listing on the Cyprus Stock Exchange, Eurobank is not only reaffirming its trust in the country’s economy but also playing a central role in connecting the Greek and Cypriot capital markets in a period of increasing regional financial convergence.
Eurobank’s regional commitment coincides with broader geopolitical momentum. On June 15, the Republic of Cyprus hosted Indian Prime Minister Narendra Modi in a landmark diplomatic and economic visit—the first by an Indian head of government in 23 years. The visit followed Mr. Modi’s high-profile trip to Athens last year and reaffirmed the emerging strategic importance of Greece and Cyprus in the India-Middle East-Europe Economic Corridor (IMEC), a global initiative to enhance trade and connectivity between India and Europe.
At a high-level business forum in Nicosia, Eurobank Group was represented by CEO Mr. Fokion Karavias and Mr. Michalis Louis, CEO of Hellenic Bank. The bank outlined new initiatives to support IMEC-related investments, including Eurobank’s planned rollout of India’s UPI payment system in Cyprus and the inauguration of Europe’s first agentic AI voice platform headquartered in Nicosia.
