Eurobank Board Calls Extraordinary Meeting to Approve Strategic Merger

by THEFUTURE.TEAM

October 28, 2025

Announcement and Meeting Details

Eurobank’s board of directors has summoned an extraordinary general meeting for December 3, 2025, where shareholders will be asked to approve a strategic merger with Eurobank Holdings S.A. The proposed merger will see Eurobank S.A. absorb Eurobank Holdings S.A., a move designed to foster operational efficiency and cost reduction.

Hybrid Meeting Format and Quorum Provisions

The meeting will be conducted in a hybrid format, offering shareholders the option to participate either in person at the Conference Centre in Nea Ionia or remotely via teleconference. Should the quorum not be met on the initial date, a subsequent meeting is scheduled for December 11, 2025, also utilizing the hybrid model.

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Strategic Rationale for the Merger

The merger is part of a strategic reverse hive-down aimed at reducing administrative and accounting costs while simplifying the legal structure. This maneuver is expected to streamline supervisory compliance, particularly following the resolution of legacy non-performing loan issues, thereby strengthening the bank’s market positioning for the future.

Share Buyback Programme Adjustments

In light of the proposed merger, Eurobank Holdings has temporarily suspended its share buyback programme. Notably, between October 20 and October 21, 2025, the bank repurchased 879,000 of its shares on the Athens Stock Exchange at an average price of €3.4156 per share, totaling €3,002,347.79. As of October 21, 2025, Eurobank Holdings held 54,228,394 of its own shares, representing 1.4749% of its paid-up share capital.

Forward-Looking Financial Strategy

The share buyback programme is set to resume under Eurobank S.A. following the completion of the merger and the subsequent listing of the merged entity’s shares on the Athens Stock Exchange, anticipated in mid-December 2025. The programme’s remaining authorised amount of €122,919,881.27 will be utilised, with an endpoint of April 29, 2026. All treasury shares held by Eurobank Holdings will be cancelled upon merger completion, subject to the approval of the European Central Bank.

Legal Framework and Execution

The merger process is governed by specific provisions under Articles 6–21, 30–34, and 140 of Law 4601/2019, Article 16 of Law 2515/1997, and relevant provisions of Law 4548/2018. Authorized representatives have been appointed to sign the necessary documents before a notary, ensuring that all procedural steps are adhered to with precision.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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