The Service of the Commission for the Protection of Competition has received a notification of a concentration concerning the proposed acquisition of the share capital of Hellenic Bank Public Company Ltd by Eurobank S.A..
Eurobank S.A. is a société anonyme, duly registered in accordance with the laws of the Hellenic Republic. Eurobank S.A. operates in Cyprus through its subsidiary Eurobank Cyprus Ltd, which is a Cypriot private company licensed as a credit institution by the Central Bank of Cyprus. Eurobank Cyprus Ltd is mainly active in the following services: business banking, asset management services, international business banking, international markets and affluent banking. The services offered by Eurobank Cyprus include customer deposit and lending services, mainly to corporate clients as well as custody services to retail banking and institutional clients. Eurobank Cyprus also provides custody services to Alternative Investment Portfolio Managers.
Hellenic Bank Public Company Limited is a public company, duly registered under the laws of the Republic of Cyprus. Hellenic Bank Public Company Limited offers deposit and lending banking services to retail and business banking customers. In addition, Hellenic Bank Public Company Limited, through its subsidiaries, provides general and life insurance services.