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Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy.
According to Kathimerini's Panayiotis Rougalas, the potential dual listing, on both the CSE and the Athens Stock Exchange (ASE), would be a significant boost for Cyprus’ relatively small stock market, which is losing one of its biggest players with Hellenic Bank’s departure. But Eurobank’s entry could quickly turn that around.
In a statement, Eurobank confirmed it is examining the idea of trading its shares in Cyprus as part of its long-term strategy in the region. “This move reflects our strategic commitment to Cyprus, its banking sector, and the local capital market,” the bank noted, adding that the final decision is subject to internal corporate approvals. If given the green light, the dual listing is expected after the merger with Eurobank Holdings, which is due by the end of 2025.
Historic investment
Eurobank’s full takeover of Hellenic Bank, the largest foreign investment ever made in Cyprus, was completed earlier this year. The acquisition is being touted not only as a confidence boost for the island’s economy, but also as a turning point for Cyprus' role in regional finance, connecting it more deeply with Greek and broader European markets.
Market analysts say that Eurobank’s listing would bring increased visibility, trading volume, and potentially more foreign investor interest to the CSE.
A blow and a recovery
The CSE had little choice but to approve the delisting of Hellenic Bank, following Eurobank’s full acquisition and the conclusion of the “squeeze-out” process. The bank’s shares will also be removed from the Central Securities Depository on the same day, June 30.
Though the loss is significant, business leaders in Cyprus are optimistic.
The Cyprus Chamber of Commerce and Industry (CCCI) praised Eurobank’s plan to list locally. “This is a clear vote of confidence in the Cypriot capital market,” the Chamber said in a statement. “It marks the beginning of a new era of growth and transparency.”
If the dual listing goes ahead, it will make Eurobank one of the most prominent companies on the CSE, helping strengthen the island’s financial sector and reinforcing its role as a hub for regional investment.
