Starting Monday, September 1, Hellenic Bank and Eurobank Cyprus will operate as a single entity, marking a historic merger in the island’s banking sector. Following the completion of all required supervisory approvals, the transfer of Eurobank Cyprus’ entire portfolio of assets and liabilities to Hellenic Bank will take place on the first day of September.
The bank has underlined that uninterrupted customer service remains its top priority throughout the transition.
According to the institution, changes will be visible from day one, beginning with new signage—an initial two to three branches per city, followed by a full rollout across all locations within six weeks. Letterheads and official documents will be updated immediately, though internal branch renovations will take longer.
Mobile banking applications will also be updated by the end of the first week of September, though account numbers and IBANs will remain unchanged.
A Unified and Modern Institution
The merger creates a unified, strong, and modern financial institution capable of offering upgraded banking and insurance services while supporting Cyprus’ economic growth, the bank announced. At the same time, the process is underway to rename Hellenic Bank Public Company Ltd. to Eurobank Limited.
The new name, it emphasized, reflects the shared vision, dynamism, and innovation of the Eurobank Group, underlining the merged institution’s strategy of sustainable growth and customer-centered service.
Chief Executive Officer Michalis Louis described the development as “a historic milestone for Cyprus’ banking sector and for all of us within the Group.” He stressed that the unification of Hellenic Bank and Eurobank Cyprus creates a stronger organization, combining experience, expertise, and momentum.
“With an enhanced presence in both banking and insurance, we can now offer more comprehensive, innovative, and secure solutions to our clients, meeting the modern needs of society and the economy,” Louis said. “The new Eurobank Ltd is not just a name change—it embodies a shared vision for sustainable growth, technological progress, and human-centered service. We are not only creating the largest bancassurance organization in Cyprus, but also a strong pillar to position the island as an international financial hub and a bridge of economic and business cooperation between the European Union and our wider region.”
“Our priority,” he added, “remains a smooth and seamless transition into this new era, with full respect for the needs and expectations of our clients, partners, and the society that has entrusted us for decades.”
Next Steps
Earlier this year, Eurobank Group Deputy CEO Stavros Ioannou said the bank’s goal in Cyprus is “to be their bank, with relationships built on trust and respect for their needs and for the needs of the Cypriot economy.”
He noted that the detailed unification plan will be unveiled soon, with the merged institution aiming to strengthen its traditional banking foothold while focusing on asset and wealth management, bancassurance products, real estate, and new areas such as the syndicated loans market abroad.
“We aspire to forge an institution capable of supporting the Cypriot economy and reaching new heights for our customers,” Ioannou said. “At the same time, this merger forms the base for future plans and for entering new markets such as Saudi Arabia, the United Arab Emirates, and India.”
Eurobank has already signed a Memorandum of Understanding to establish the India–Greece–Cyprus Business Council and became the first Greek bank to open a representative office in Mumbai.
“Our goal,” Ioannou stressed, “is to showcase Cyprus as an investment and business hub linking Europe with India.”