Further to its announcements dated 13 October 2025 and 7 May 2026, Eurobank S.A. (hereinafter “Eurobank” or the “Bank”) announces the completion of the acquisition of 80% of Eurolife FFH Life Insurance Single Member Société Anonyme Company, operating under the distinctive title “Eurolife FFH Life Insurance S.A.” (“Eurolife Life”) from entities controlled by Fairfax Financial Holdings Limited (“Fairfax”) (the “Transaction”), following receipt of the required regulatory approvals and satisfaction of the relevant closing conditions.
Following completion of the Transaction, Eurobank now holds 100% of Eurolife Life, one of the leading life insurance companies in Greece. The acquisition represents an important milestone in Eurobank’s strategy to strengthen its presence in the insurance sector, diversify its revenue streams and further develop its bancassurance activities, leveraging Eurolife Life’s established market position and distribution network.
Eurobank also updates that the sale of a 45% stake in ERB Asfalistiki Limited, its non-life insurance subsidiary in Cyprus, to affiliates of Fairfax, as previously announced on 7 May 2026, is expected to be completed by the end of 2026, subject to the remaining approvals and closing conditions.
