CrediaBank has officially completed its merger with Evropi Holdings, with the finalization of the transaction bringing Evropi Insurance and NAK Insurance Brokers into the group’s fold. The newly unified financial entity now combines banking and insurance services under one roof — a strategic move designed to give the group significant scale in general insurance and insurance brokerage. The merger also opens the door to new product development and the exploitation of synergies across the group’s companies.
Read more: CrediaBank: Merger with Evropi Holdings finalized — new shares begin trading on November 2
CrediaBank: Combining banking finance with specialized insurance coverage
For businesses, the new structure enables the pairing of bank financing with specialized insurance coverage for facilities, equipment, trade credit, and large commercial risks. For individual customers, the merger creates new opportunities to access a broader range of insurance products through CrediaBank’s existing network and service channels.
Evropi Insurance has been active in the Greek market since 1985, with deep expertise in covering large commercial, industrial, and financial risks. Its portfolio also includes surety bond insurance, marine and cargo coverage, and large-scale project insurance. NAK Insurance Brokers, meanwhile, specializes in credit insurance, among other lines, and serves a portfolio of over 250 corporate clients. As of Monday, November 2, 2026, 212,257,200 new ordinary shares of CrediaBank — issued as part of the merger — began trading on Euronext Athens.
Eleni Vrettou: “Evropi Holdings brings specialized insurance expertise to the group”
In a statement, CrediaBank CEO Eleni Vrettou described the completion of the transaction as yet another step in the execution of the group’s strategy. “The completion of the transaction with Evropi Holdings confirms our execution capability and the consistency with which we deliver on our strategic choices. Evropi brings to the group specialized insurance expertise, experienced professionals, and new growth opportunities, enabling us to offer more comprehensive solutions to both businesses and individuals. We are moving forward with capturing synergies and creating sustainable value for our clients and shareholders,” she said.
Nikos Makropoulos, Executive Vice President and CEO of Evropi Insurance, described the company’s integration into the CrediaBank Group as a landmark moment in its journey. He noted that Evropi Insurance brings a long-standing presence in the Greek market, consistent profitability, and strong capital adequacy — with one of the highest solvency ratios in the sector.
“Our integration into the CrediaBank Group opens up new growth prospects and allows us to look to the future with optimism. By combining Evropi Insurance’s expertise with CrediaBank’s strength and momentum, we are confident that we will play a leading role in the Greek insurance market,” said Mr. Makropoulos.
