Eurobank completes 100% acquisition of Eurolife Life

Eurobank Eurolife Life Fairfax Financial Holdings insurance acquisition banking sector

Eurobank has announced the completion of its acquisition of Eurolife Life, following the purchase of the remaining 80% stake from companies controlled by Fairfax Financial Holdings Limited. This transaction brings Eurobank’s total ownership of the Greek life insurance provider to 100%.

The acquisition, valued at approximately 813 million euros, is a strategic move to strengthen the bank’s presence in the insurance sector and diversify its revenue streams through expanded bancassurance activities.

In a related move, Eurobank is proceeding with the sale of a 45% stake in its Cypriot general insurance subsidiary, ERB Asfalistiki, to Fairfax-linked companies. This sale, valued at approximately 55 million euros, is expected to be finalized by the end of 2026, subject to regulatory approvals.

Separately, Eurobank reported strong financial results for the first nine months of 2026. Adjusted net profits rose 14.3% year-on-year to 1.209 billion euros. The bank’s performance was bolstered by interest income, a 10.5% increase in its loan portfolio, and significant contributions from international operations, particularly in Cyprus and Bulgaria.

Entities

ERB Asfalistiki · ERB Asfalistiki Limited · Eurobank · Eurolife Life · Eurolife Life Insurance · Fairfax Financial Holdings · Fairfax Financial Holdings Limited · Greece

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] Eurobank is selling a 45% stake in ERB Asfalistiki Limited to Fairfax-affiliated companies. www.newmoney.gr · www.sofokleousin.gr
[● 3 SOURCES] Eurobank now owns 100% of Eurolife Life Insurance. www.newmoney.gr · www.sofokleousin.gr
[○ 1 SOURCE] The Eurolife acquisition followed a share purchase agreement signed in May 2026. www.sofokleousin.gr
[○ 1 SOURCE] The sale of the 45% stake in ERB Asfalistiki is valued at approximately €55 million. www.sofokleousin.gr
[● 3 SOURCES] The acquisition of the 80% stake was made from companies controlled by Fairfax Financial Holdings. www.newmoney.gr · www.sofokleousin.gr
[○ 1 SOURCE] The transaction price for the Eurolife acquisition is approximately €813 million. www.sofokleousin.gr
[● 3 SOURCES] The ERB Asfalistiki transaction is expected to be completed by the end of 2026. www.newmoney.gr · www.sofokleousin.gr
[● 3 SOURCES] The acquisition was completed after receiving all required regulatory approvals. www.newmoney.gr · www.sofokleousin.gr