CrediaBank announced that it had completed its absorption of Europa Holdings.
With the completion of the transaction, Europa Insurance and NAK Insurance Brokers become part of the CrediaBank Group, strengthening its presence in general insurance and insurance broking.
Their integration creates opportunities to combine banking and insurance services for individuals and businesses.
For businesses, these opportunities include linking financing with specialist cover for premises, equipment, trade credit and major business risks.
For individuals, it creates the prospect of broader access to insurance solutions through the group’s channels and network.
Europa Insurance has been active in the Greek market since 1985, specialising in cover for major commercial, industrial and financial risks, as well as surety, transport and major projects insurance.
NAK Insurance Brokers has expertise in areas including credit insurance and a portfolio of more than 250 corporate clients.
Trading in the 212,257,200 new CrediaBank ordinary shares issued as part of the merger also begins on Euronext Athens on 2 November 2026.
CrediaBank chief executive Eleni Vrettou said:
“The completion of the transaction with Europa Holdings confirms our ability to execute and the consistency with which we deliver on our strategic choices.
Europa brings specialist insurance expertise, experienced people and new growth opportunities to the group, enabling us to offer more comprehensive solutions to businesses and individuals.
We are moving ahead with realising the synergies, creating sustainable value for our customers and shareholders.”.
Europa Insurance executive vice-chairman and chief executive Nikolaos Makropoulos added:
“Today marks the close of an important chapter in the history of Europa Insurance, a Greek insurance company with a strong brand that has consistently delivered profits and maintained strong capital adequacy, with one of the highest solvency ratios in the market. Above all, it has been characterised by prudent management and respected executives who, through professionalism and dedication, have earned the trust of its customers and partners.
Joining the CrediaBank Group creates new growth prospects and allows us to look to the future with optimism.
Combining Europa Insurance’s expertise with CrediaBank’s strength and momentum, we are confident that we will play a leading role in the Greek insurance market.”.