**Eurobank Named Best Bank in Cyprus for 2026 by Euromoney**
Eurobank has been awarded the title of Cyprus’ best bank for 2026 by the esteemed financial publication Euromoney. The announcement was made on Friday, alongside the recognition of Eurobank as the best bank for large corporates at the publication's recent excellence awards. These accolades underscore Eurobank's significant performance and strategic initiatives throughout 2025.
The Euromoney Awards for Excellence are highly regarded within the financial services industry, and the evaluation for these awards took into account the bank's achievements from January 1 to December 31, 2025. Eurobank highlighted that the awards reflect its successful completion of the legal merger with Hellenic Bank, resulting in the establishment of Eurobank Limited, which is now recognized as the largest banking and insurance organization in Cyprus, boasting total assets exceeding €28 billion.
In terms of corporate banking, Eurobank reported a robust growth trajectory, with its business lending portfolio expanding by approximately 17% during the year. The bank also noted an increase in its customer base, which now includes over 710,000 retail customers and 11,500 business clients in Cyprus.
A significant aspect of Eurobank's strategy has been its ongoing digital transformation. The bank reported that more than 96% of its transactions are now conducted through digital channels, with a majority of financing applications being submitted via its mobile application. This shift towards digital banking is part of Eurobank’s broader strategy to enhance customer experience and operational efficiency.
Additionally, Eurobank has expanded its international presence by opening its first representative office in India. This move is seen as a vital step in strengthening business ties between Cyprus and India, positioning Cyprus as a gateway for Indian businesses and investors looking to enter the European Union market.
Eurobank's achievements have been recognized by Euromoney, which noted the completion of one of the most significant banking transactions in the Cypriot market, alongside the bank's growth in business and digital transformation efforts. Michalis Louis, the CEO of Eurobank, expressed pride in the recognition, stating that the awards confirm the bank's strong momentum and the successful execution of its strategic objectives in Cyprus.
“2025 was a landmark year as we successfully completed the merger of Hellenic Bank and Eurobank Cyprus, creating the country’s largest banking and insurance organization while further strengthening our ability to support households, businesses, and the Cypriot economy,” Louis remarked. He emphasized the importance of digital transformation and innovation in enhancing Cyprus’ status as an international business and financial center.
The opening of the representative office in India was described by Louis as a particularly significant achievement, marking the first physical presence of a Greek or Cypriot bank in the country. This development is expected to open new channels for growth, cooperation, and investment opportunities among India, Cyprus, and Europe.
Louis attributed the double recognition to the commitment and professionalism of Eurobank's staff, as well as the unwavering support from the Eurobank Group. He stated, “This recognition by Euromoney confirms that our choices create value for our customers, the economy, and society, and serves as motivation for us to continue innovating and growing.”
With these accolades, Eurobank reinforces its position as a leader in the Cypriot banking sector, committed to enhancing its services and expanding its footprint both locally and internationally. The bank's focus on corporate banking, digital transformation, and international relations positions it well for future growth and success in the evolving financial landscape.