Panayiotis Rougalas
In December 2025, Eurobank’s shares are set to start trading on the Cyprus Stock Exchange (CSE) in a “dual listing,” meaning they will continue trading simultaneously on the Athens Stock Exchange (ATHEX).
Announcing the move during a presentation of the CSE’s 2026 budget to the Finance Committee, CSE Chairman Marinos Christodoulides confirmed that Eurobank will join the exchange next month.
The CSE had previously halted trading in Hellenic Bank shares following its full acquisition by Eurobank Limited, a major player on the Cyprus market.
Christodoulides also updated lawmakers on the ongoing privatization of the CSE. The privatization bill is currently before Parliament, undergoing adjustments requested by legislators. It is expected to be re-submitted for approval, with the goal of passing it before the current Parliament is dissolved.
The revised bill introduces changes to the evaluation of potential investors. Previously, the selection was based solely on the “highest offer.” The updated bill, now with the Legal Service, also considers qualitative criteria, not just the financial bid. Discussions on the bill continue among the Ministry of Finance, the State Aid Commissioner’s office, and the European Commission’s DG Comp Committee.
Deputy CSE General Manager Nikos Trypatsas emphasized the importance of timely approval, noting, “We hope that the bill will proceed as quickly as possible, as every day that passes is detrimental to the process.”
Voluntary Exit Plan Costs 1.7 Million Euros
Christodoulides and Trypatsas told the committee that a Voluntary Exit Plan, which will be implemented once privatization moves forward, is expected to cost around 1.7 million euros. This expenditure contributes to the projected deficit in the CSE’s 2026 budget.
CSE Activity Highlights
Data presented to the committee show that the average daily transaction value on the CSE stands at 714,000 euros. The exchange’s total market capitalization, including both bonds and stocks, is 23.5 billion euros. Since the start of the year, the General Index has climbed nearly 30%, while foreign investors account for 38% of participation.
*Read the Greek version here.
