Following its announcements of 13 October 2025 and 7 May 2026, Eurobank S.A. (hereinafter “Eurobank” or the “Bank”) announces that it has completed the acquisition of 80% of Eurolife FFH Single-Member Life Insurance S.A., trading as “Eurolife FFH A.E.A.Z.” (“Eurolife Life”), from companies controlled by Fairfax Financial Holdings Limited (“Fairfax”), following receipt of the required regulatory approvals and fulfilment of the relevant closing conditions.
With the completion of the transaction, Eurobank now owns 100% of Eurolife Life, one of Greece’s leading life insurers. The acquisition marks a major milestone in Eurobank’s strategy to strengthen its presence in the insurance sector, diversify its revenue streams and further develop its bancassurance business, leveraging Eurolife Life’s established market position and distribution network.
Eurobank also said that the sale of a 45% stake in ERB Asfalistiki Limited, its subsidiary in the non-life insurance sector in Cyprus, to Fairfax affiliates, as announced on 7 May 2026, is expected to be completed by the end of 2026, subject to receipt of the remaining approvals and fulfilment of the other closing conditions.