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Our History

2025

Our History
Hellenic Bank
  • Eurobank is set to acquire 100% of Hellenic Bank through a mandatory public offer and the exercise of its squeeze-out right. The merger process with Eurobank Cyprus is underway.
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2024

Dividend distribution
  • The Annual General Meeting of Shareholders approved the distribution of dividends amounting to €342 million in total.
  • Eurobank acquired shares and agreed to acquire an additional 24.7% stake in Hellenic Bank through a mandatory public offer. The total stake reached 93.47%.
  • Optional reserves were distributed.
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2023

The first systemic bank from which the HFSF fully divested
  • The subsidiary in Serbia was sold to AIK Banka.
  • The acquisition of BNP Paribas Personal Finance Bulgaria by Postbank was concluded.
  • The 2023 European Extreme Event Simulation Exercise was conducted. Eurobank ranked 12th out of 70 banks in capital reduction over a 3-year period, based on the FL CET1 Ratio.
  • Eurobank agreed to acquire an additional 26.1% stake in Hellenic Bank, increasing its stake to 55.3%.
  • Eurobank became the first systemic bank from which the Hellenic Financial Stability Fund (HFSF) fully divested.
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2022

Hybrid Work Model
  • Eurobank became the first bank in Greece to establish the Hybrid Work Model.
  • The merger of the payment processing and transaction clearing division was completed, resulting in the establishment of Cardlink Payment Institution SA (Cardlink One), with 80% of its shares being transferred to Worldline. Eurobank retained 20% of the shares.
  • Eurobank agreed to acquire an additional 16.6% stake in Hellenic Bank, increasing its stake to 29.2%.
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2021

Presentation of Eurobank’s transformation programme 2030 and launch of its new brand identity, signalling a new era
  • Agreement between Eurobank Holdings and the doValue Group for a) the sale of 95% of the mezzanine and junior securitisation notes in the context of the securitisation of mixed pool of NPEs (Mexico transaction), and b) the servicing of the portfolio by the doValue Group.
  • The sale of 95% of the mezzanine and junior securitisation notes in the context of the Mexico transaction was completed.
  • 2 synthetic securitisations for a total €1.7 billion portfolio of performing SME and large corporate loans (Project Wave I and II) were completed.
  • The merger of Eurobank’s Serbian subsidiary, Eurobank a.d. Beograd, with Direktna Banka a.d. Kragujevac was completed.
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2020

Completion of NPE acceleration plan
  • Eurobank Ergasias SA was renamed Eurobank Ergasias Services and Holdings SA (Eurobank Holdings). A new corporate entity with a banking license was established: Eurobank SA, a fully owned subsidiary of Eurobank Holdings.
  • Mezzanine and junior notes from the Cairo securitisation were contributed to Cairo Mezz Plc, a 100% subsidiary of Eurobank Holdings.
  • The Cairo Mezz Plc shares were distributed to the shareholders of Eurobank Holdings.
  • The Europe and Cairo projects with the doValue group were completed.
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2019

Merger with Grivalia
  • The merger by absorption of Grivalia was completed.
  • The acquisition of Piraeus Bank Bulgaria was concluded.
  • The sale of mezzanine and junior notes from the securitisation of a non-performing mortgage loan portfolio (project Pillar) was concluded.
  • Α binding agreement was signed with doValue for the sale of part of the mezzanine and junior notes from the securitisation of a mixed non-performing loan portfolio (project Cairo) and 80% of Eurobank FPS’ share capital (project Europe).
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2018

Completion of restructuring plan
  • The sale of the Group’s Romanian subsidiaries to Banca Transilvania was concluded.
  • The sale of a €1.1 billion non-performing loan portfolio was completed.
  • A binding agreement for the acquisition of Piraeus Bank Bulgaria was signed.
  • Eurobank’s transformation plan was announced: merger with Grivalia and NPE reduction acceleration plan.
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2017

Grivalia Properties
  • Eurobank announced the successful sale of 20,252,001 shares in Grivalia Properties through accelerated book building.
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2016

Eurolife ERB Insurance Group
  • The sale of 80% of the share capital of Eurolife ERB Insurance Group Holdings SA was concluded.
  • TAS Group acquired Universal Bank, a Ukrainian subsidiary of the Eurobank Group.
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2015

Acquisition of the Alpha Bank branch in Bulgaria
  • Eurobank Bulgaria AD acquired the Alpha Bank banking services in Bulgaria.
  • Eurobank Ergasias SA launched a share capital increase by €2,038,920,000 in November, exclusively through private sector funds. 97.62% of the Eurobank Ergasias SA shares were held by institutional and private investors.
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2014

Entry of strategic investors
  • A share capital increase by €2,864 million was completed successfully. 64.60% of the Eurobank Ergasias SA ordinary shares were held by institutional and private investors.
  • Eurobank operationally merged with the New TT Hellenic Postbank SA in May, following the integration of the former T Bank SA systems. With a deep sense of respect for the customers and the history of the Greek Postal Savings Bank, Eurobank decided to keep the branch network distinct, under the brand name “New TT Branch Network”.
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2013

New Hellenic Postbank
  • Eurobank Ergasias SA was recapitalised through the Hellenic Financial Stability Fund.
  • It merged by absorption with the New TT Hellenic Postbank SA.
  • Eurobank Ergasias SA also merged by absorption with the New Proton Bank SA. The operational merger was concluded in December.
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2012

Corporate name change to Eurobank Ergasias SA
  • EFG Eurobank Ergasias SA sold Eurobank Tekfen to Burgan Bank.
  • It transferred a 70% stake in Polbank EFG to Raiffeisen Bank.
  • The Bank changed its corporate name to Eurobank Ergasias SA.
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2011

Merger with DIAS Portfolio Investments SA
  • Eurobank Ergasias SA merged by absorption with DIAS Portfolio Investments SA.
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2007

Presence in Cyprus and Ukraine
  • EFG Eurobank Ergasias SA expanded to Cyprus and acquired a 70% stake in Tekfenbank Turkey, which was renamed Eurobank Tekfen.
  • It concluded the acquisition of the Universal Bank in Ukraine.
  • It concluded the merger of Postbank and DZI in Bulgaria.
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2006

Expansion to Poland and the Balkans
  • EFG Eurobank Ergasias SA expanded into the Polish market through Polbank EFG.
  • It concluded the acquisition of Nacionalna štedionica Banka in Serbia.
  • It merged with EFG Eurobank AD Beograd Serbia. The new bank was renamed Eurobank EFG štedionica AD Beograd.
  • It acquired a higher than 90% stake in DZI Bank in Bulgaria.
  • It agreed to acquire a 99.34% stake in the Universal Bank in Ukraine.
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2005

Expansion to Turkey and the Balkans
  • EFG Eurobank Ergasias SA gained controlling interest of the HC Istanbul brokerage firm in Turkey.
  • It acquired a 62.3% stake in Nacionalna štedionica Banka in Serbia.
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2004

Acquisition of Postbank Bulgaria
  • EFG Eurobank Ergasias SA acquired Intertrust MFMC.
  • It acquired the remaining 50% stake in Alico/CEH Balkan Holdings and increased its stake to 96.74%.
  • It increased its stake in EFG Eurobank Beograd AD to 93.5%.
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2003

Expansion to the Balkans
  • EFG Eurobank Ergasias SA acquired a 90.8% stake in Postbanka AD Serbia, which was renamed EFG Eurobank AD Beograd.
  • It acquired the controlling interest of the Bancpost Romania share capital.
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2002

Telesis & Alico
  • EFG Eurobank SA merged by absorption with Telesis Investment Bank.
  • It acquired a 50% stake in Alico/CEH Balkan Holdings.
  • It acquired an additional block of shares (17%) in Bancpost Romania. It increased its stake in the share capital of Bancpost to 36.25%, with the option of a further increase to 45%.
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2000

Merger with Ergasias Bank
  • EFG Eurobank SA merged with Ergasias Bank SA and changed its corporate name to EFG Eurobank Ergasias SA.
  • It acquired a 19.25% stake in Bancpost SA Romania.
  • EFG Finance SA was incorporated.
  • Eurolife ERB Insurance was incorporated.
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1999

Listing on the Athens Exchange
  • EFG Eurobank SA merged with the Bank of Athens SA.
  • It became a listed company on the Athens Exchange.
  • It merged with Cretabank SA.
  • EFG Eurobank Securities SA was incorporated.
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1998

Expansion of EFG Eurobank
  • EFG Eurobank SA acquired the controlling interest of the Bank of Athens SA.
  • Deutsche Bank AG acquired a 10% stake in EFG Eurobank SA.
  • Consolidated Eurofinance Holdings (CEH) SA and EFG Eurobank SA jointly acquired an 18.4% stake in Ergasias Bank SA.
  • EFG Eurobank Leasing SA was incorporated.
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1997

Corporate name change to EFG Eurobank
  • Euromerchant Bank SA changed its corporate name to EFG Eurobank SA.
  • It merged with Interbank Greece SA and acquired the branch network of Crédit Lyonnais Grèce SA.
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1994

Stake in EFG Private Bank Luxembourg
  • Euromerchant Bank SA acquired a 75% stake in Banque de Depots, later renamed EFG Private Bank (Luxembourg) SA.
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1990

Incorporation of Euromerchant Bank SA
  • Euromerchant Bank SA was incorporated. It specialised in Investment and Private Banking.
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