Eurobank’s decision to reacquire full ownership of Eurolife FFH Life Insurance has been described as a credit-positive development for the Greek lender, according to a Moody’s assessment.
In its assessment, which was also shared by Cypriot daily Politis , the agency said that the deal, which values Eurolife at 1.45 times its book value , strengthens Eurobank’s position in the Greek insurance market, enhances its profitability, and diversifies its revenue
