The enlarged Eurobank Group is a European banking organization with total assets of € 80.1 billion (pro-forma), more than 20,000 employees and a network of more than 1,100 branches.
The new Eurobank Group has a strategic position in the Greek banking system, while at the same time it holds a systemic role in Bulgaria, Romania and Serbia, offers discerning Wealth Management services in Cyprus, Luxembourg and London and is also present in the Ukraine.
The integration of New TT HPB and New Proton Bank in the Eurobank Group strengthens its strategic position in the Greek banking sector, enhancing its capacity to support Greek businesses and households. Furthermore, the combined annual synergies from the two transactions are estimated at €200 million in 2015, making Eurobank more attractive to private equity funding. The transfer of New TT HPB shares to Eurobank was concluded on August 30, 2013. The legal merger will take place following the approval of the competent authorities. The operational merger will follow and is estimated to be completed time by the end of April 2014. The merger by absorption of New Proton was completed on November 22, 2013, while the operational integration was completed on December 6, 2013.