As of September 1, the merger of Hellenic Bank and Eurobank Cyprus has officially taken effect, with the transfer of all assets and liabilities of Eurobank Cyprus to Hellenic Bank.

At the same time, the process is underway to change the name of Hellenic Bank Public Company Ltd to Eurobank Limited.

In its announcement, Hellenic Bank stated: “The new name reflects the common vision, dynamism, and innovation that define the Eurobank Group, embodying the strategy of the unified organization for sustainable growth and a customer-centric approach.”

According to Hellenic Bank, the merger creates a single, strong, and modern financial institution, capable of offering enhanced banking and insurance services while supporting the growth of the Cypriot economy.

In a written statement, Hellenic Bank CEO Michalis Louis said the integration with Eurobank Cyprus forms a powerful, unified institution with deep expertise and know-how. “With a strengthened presence in both banking and insurance, we are now able to offer more comprehensive, innovative, and secure solutions to our customers, meeting the modern needs of society and the economy,” he added.

Louis further stressed: “We are not only creating the largest bancassurance organization in Cyprus, but also a strong pillar that will help position the island as an international financial hub and a bridge of economic and business cooperation between the European Union and our wider region.”