Awards for Excellence national winners 2025: Greece

Best bank 2025: Eurobank

Eurobank’s most visible strategic milestone over the review period was the step-by-step takeover of Hellenic Bank.   

By lifting its holding from an initial 29.2% to 93.5%, with a squeeze-out already planned, the lender executed one of the few large cross-border EU banking acquisitions. The deal unites Hellenic Bank’s dominant retail franchise with Eurobank Cyprus’ wholesale strengths, creating the largest lender in Cyprus at roughly €28 billion in assets. Management forecasts €120 million of annual synergies by 2027, alongside a rise in foreign market profit contribution to 55%, underlining the transaction’s strategic reach.

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