Eurobank Limited (Formerly Hellenic Bank) – Ratings Upgraded and Withdrawn

21 October 2025

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of Eurobank Limited, formerly Hellenic Bank (HB or the Bank), to ‘BBB’ and Bank Standalone Rating (BSR) to ‘bbb’. At the same time, CI Ratings has affirmed the Bank’s Short-Term Foreign Currency Rating (ST FCR) of ‘A3’, Core Financial Strength (CFS) rating of ‘bbb’ and Extraordinary Support Level (ESL) of Uncertain. The Outlook for both the LT FCR and BSR remains Stable. Concurrently, CI has withdrawn the ratings assigned to HB at the request of the Bank following its 100% acquisition by Greece-based Eurobank S.A. (rated ‘BBB-’/‘A3’/Stable by CI) and, in turn, the subsequent HB merger with Eurobank CY (Eurobank S.A.’s pre-existing subsidiary in Cyprus).

The upgrades of the Bank’s LT FCR and BSR reflect the improved Operating Environment Risk Anchor (OPERA) assessment for Cyprus, now at ‘bbb’,…