Michalis Louis Appointed CEO of Cyprus's Hellenic Bank Following Eurobank Stake Acquisition

Hellenic Bank appointed Michalis Louis as its new Chief Executive Officer on 18 September 2024, with immediate effect, after shareholders elected him to the board at the Annual General Meeting that day and the European Central Bank approved the appointment. The decision followed Eurobank Holdings' accumulation of a stake exceeding 55% in the Cypriot lender by that date.

Louis had previously served as Chief Executive of Eurobank Cyprus.

EUROBANK HOLDINGS' STAKE

Eurobank Holdings is the holding company for the Greek banking group Eurobank. Its holding in Hellenic Bank surpassed 55% ahead of the September AGM.

Antonis Rouvas, who had been serving as interim Chief Executive of Hellenic Bank, reverted to his previous role as Chief Financial Officer upon Louis's appointment.