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Our History

2018

Bancpost SA, ERB Retail Services IFN SA and ERB Leasing IFN SA
  • The sale of Romanian subsidiaries Bancpost SA, ERB Retail Services IFN SA and ERB Leasing IFN SA by the Eurobank Group to Banca Transilvania (BT) was concluded.
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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 Ergasias 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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