Cyprus Business Now: Eurobank, inflation, Limassol development projects

Eurobank’s acquisition of Hellenic Bank is expected to conclude by the end of May, paving the way for the legal and operational merger with Eurobank Cyprus.

The latest update on acquisition process was confirmed by Hellenic Bank CEO Michalis Louis during the 12th Banking Forum and Fintech Expo which took place this week.

Meanwhile, Hellenic Bank also announced this week that the acquisition of CNP Assurances will also be finalised