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Company Directory - Eurobank

Company Details - Eurobank

Eurobank Logo

Eurobank

Website

Greece

Eurobank is one of the major banks in Greece, offering a range of financial services including personal and business banking, investment solutions, and innovative cash withdrawal services through upgraded ATMs that support contactless transactions.

CCI Score

CCI Score: Eurobank

1.96

-0.02%

Latest Event

Eurobank's Digital ATM Transition Marginalizes Vulnerable Populations

On 2025-05-18, Eurobank, along with other major Greek banks, began shifting away from traditional card-based cash withdrawals by upgrading ATMs to support contactless mobile phone transactions. Critics argue that this digitization, while marketed as a security upgrade, effectively excludes groups such as the elderly, disabled, and low-income individuals who may lack access to modern smartphones or necessary digital literacy, thereby contributing to social exclusion.

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OBJECTOR

Eurobank is currently rated as an Objector.

0 to +9 CCI Score
These companies deliberately avoid direct involvement with authoritarian practices. While they do not actively challenge oppressive regimes, they maintain a neutral stance to ensure they are not complicit in supporting such systems.

Latest Events

  • Eurobank's Digital ATM Transition Marginalizes Vulnerable Populations Logo
    MAY
    18
    2025

    On 2025-05-18, Eurobank, along with other major Greek banks, began shifting away from traditional card-based cash withdrawals by upgrading ATMs to support contactless mobile phone transactions. Critics argue that this digitization, while marketed as a security upgrade, effectively excludes groups such as the elderly, disabled, and low-income individuals who may lack access to modern smartphones or necessary digital literacy, thereby contributing to social exclusion.

  • Eurobank Launches Banking Technology Modernization Partnership Logo
    FEB
    17
    2025

    Eurobank entered into a multi-year partnership with LTIMindtree to modernize its banking technology platform, aiming to enhance customer experience, streamline operations, and establish a Global Delivery Center in India. This initiative supports innovative IT solutions across Eurobank's operations in Greece, Cyprus, and Luxembourg.

  • +20

    Technology and Services Impact

    May 18

    The technology modernization initiative is viewed as a progressive step that enhances service delivery and operational efficiency. While the event does not directly engage in political or labor issues, modernizing banking technology can support more transparent and efficient financial services, indirectly contributing to civic infrastructure that benefits marginalized groups.

    LTIMindtree partners with Greece's Eurobank for multi-year banking tech revamp

  • Eurobank's Acquisition and Delisting of Hellenic Bank Shares Logo
    FEB
    10
    2025

    Eurobank has advanced its plan to achieve full ownership of Hellenic Bank by acquiring the remaining shares through a public offer and invoking a squeeze-out process under Article 36. In tandem with this consolidation move, Eurobank has reassured that no unilateral changes to Hellenic Bank employees’ terms will be made, even as the bank prepares to delist Hellenic Bank shares from the Cyprus Stock Exchange, raising both positive signals for labor rights and concerns over increased market concentration.

  • +15

    Labor Relations and Human Rights Practices

    May 18

    Eurobank’s commitment to maintaining existing employment terms for Hellenic Bank staff following the acquisition is a positive indication of respect for labor rights and worker security. This approach aligns with progressive labor practices, even as the acquisition proceeds.

    Hellenic Bank shares set for delisting as Eurobank nears full ownership

  • -20

    Economic and Structural Influence

    May 18

    By consolidating its ownership over Hellenic Bank and planning a merger with its Cyprus subsidiary, Eurobank is increasing its market dominance. This concentration of economic power can lead to reduced market competition and potentially enhanced influence over economic policies, which raises concerns from an anti-authoritarian perspective.

    Hellenic Bank shares set for delisting as Eurobank nears full ownership

  • Eurobank’s Acquisition of Hellenic Bank and Associated Employee Exit Plan Logo
    FEB
    06
    2025

    Eurobank is set to finalize a series of transactions to acquire a 93.47% stake in Hellenic Bank, with plans to launch a second mandatory public offer for the remaining shares at €4.84 per share, paving the way for a squeeze-out process. Additionally, Hellenic Bank is initiating a voluntary exit plan for around 400 employees, a move that follows previous large-scale restructuring initiatives.

  • -20

    Business Practices and Ethical Responsibility

    May 18

    This aggressive consolidation strategy reduces shareholder choice by forcing a squeeze-out and may reflect a broader trend of prioritizing financial restructuring over stakeholder inclusivity, raising concerns regarding ethical business practices.

    Eurobank set for full control of Hellenic

  • -10

    Labor Relations and Human Rights Practices

    May 18

    The planned voluntary exit for approximately 400 employees, though structured with attractive payouts and tax exemptions, raises concerns about underlying labor insecurity during corporate restructuring, which may undermine worker rights and long-term job stability.

    Eurobank set for full control of Hellenic

  • Merger-Triggered Staff Cuts Raise Labor Concerns Logo
    DEC
    31
    2024

    Eurobank's acquisition of Hellenic Bank is expected to lead to staff reductions and potential layoffs without formal union discussions, raising concerns over worker rights and fair labor practices.

  • -50

    Labor Relations and Human Rights Practices

    May 18

    The anticipated staff cuts associated with the acquisition of Hellenic Bank by Eurobank, without formal discussions with the workers' union (ETYK), indicate a potential disregard for worker rights and fair labor practices, negatively impacting employee security and contributing to a hostile labor environment.

    Eurobank acquisition set to trigger fresh round of staff cuts at Hellenic Bank

  • Eurobank Implements Advanced Time Tracking for Labor Law Compliance Logo
    NOV
    01
    2024

    Eurobank, one of Greece's largest employers, adopted SAP SuccessFactors Time Tracking to comply with a new Greek labor law mandating real-time reporting of employee work hours. This move underscores the bank's commitment to protecting worker rights and ensuring efficient HR practices.

  • +70

    Labor Relations and Human Rights Practices

    May 18

    By swiftly integrating an advanced time tracking system to meet detailed labor law requirements, Eurobank reinforces its commitment to worker rights and fair labor practices, aligning with progressive, anti-authoritarian values. This proactive compliance minimizes risks of punitive fines while supporting transparency and accountability in HR operations.

    Eurobank: Complying swiftly with a new labor law thanks to a reliable and accurate time management system

  • Eurobank’s Strategic Takeover of Hellenic Bank Faces Union Resistance Logo
    SEP
    27
    2023

    Eurobank is advancing plans to significantly increase its stake in Hellenic Bank from 29.2% to a potential 54% through a strategic takeover, despite facing obstacles from major shareholders and clear opposition from the employees' union ETYK over contrasting employment regimes.

  • -40

    Labor Relations and Human Rights Practices

    May 18

    The move to take over Hellenic Bank is concerning from a labor perspective. The union ETYK's opposition, based on the potential downgrade in employment protections due to Eurobank's use of personal contract agreements compared to Hellenic Bank’s more unionized environment, suggests the takeover could undermine workers' rights.

    Obstacles to Eurobank’s Hellenic takeover

  • -30

    Economic and Structural Influence

    May 18

    This acquisition represents a consolidation of economic power that could potentially reduce market competition and increase corporate influence in the banking sector, raising concerns from an anti-authoritarian and worker rights perspective.

    Obstacles to Eurobank’s Hellenic takeover

  • Eurobank Enhances Labor Compliance with SAP Time Tracking Logo
    SEP
    01
    2023

    Eurobank has implemented SAP SuccessFactors Time Tracking to boost compliance with new labor regulations, contributing to better oversight of employee work hours and reinforcing adherence to labor rights.

  • +40

    Labor Relations and Human Rights Practices

    May 18

    The deployment of SAP SuccessFactors Time Tracking by Eurobank is a significant step toward ensuring compliance with evolving labor regulations. This move enhances the transparency and fairness of work time monitoring, which supports improved labor rights, a key anti-fascist and progressive objective.

    Eurobank achieves great results with SAP SuccessFactors Time Tracking

  • Eurobank Merger with Hellenic Bank Approved Logo
    APR
    15
    2023

    The Competition Commission for the Protection of Competition approved Eurobank's bid to acquire Hellenic Bank after a close 3-2 vote, ending extensive scrutiny over the merger's competitive impact.

  • -30

    Economic and Structural Influence

    May 18

    The narrow approval of Eurobank’s acquisition of Hellenic Bank raises concerns over increased market concentration and the centralization of financial power. Such consolidation can reduce competitive pressures and heighten the risk of oligarchic influence, which is viewed negatively from an anti-authoritarian perspective.

    Eurobank’s acquisition of Hellenic Bank gets Competition Commission’s nod

  • Eurobank Adopts Modern Time Tracking to Enhance Labor Law Compliance Logo
    JAN
    01
    2023

    In January 2023, Eurobank implemented the SAP SuccessFactors Time Tracking solution to ensure compliance with Greece’s stringent labor law. This system accurately logs employee clock-ins and clock-outs, safeguarding employee rights by helping the bank to meet legal requirements and ensuring accurate payroll processing.

  • +80

    Labor Relations and Human Rights Practices

    May 18

    Eurobank's adoption of comprehensive time tracking via SAP SuccessFactors ensures strict compliance with new labor legislation, thus upholding workers' rights, fair pay, and transparency. This proactive measure supports labor relations and human rights practices, reflecting a strong commitment to employee protections amid evolving regulatory demands.

    Eurobank Achieves Compliance with New Labor Law Supported by Accuracy of SAP SuccessFactors Time Tracking

Industries

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Commercial Banking
523110
Investment Banking and Securities Dealing
522190
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