Hellenic Bank has merged with Eurobank Cyprus, transferring all assets and liabilities of Eurobank Cyprus under the 1997 Banking Business and Collateral Transfer Law.
Hellenic Bank CEO Michalis Louis called the move a “historic milestone” for Cyprus’s banking sector.
He said the merger creates a unified, modern financial institution capable of offering enhanced banking and insurance services while supporting the country’s economic growth.
As part of the merger, Hellenic Bank Public Company Ltd will be renamed Eurobank Limited.
The new name reflects the group’s strategy for sustainable development and a customer-centric approach, the bank said.