Universal Bank is also likely to see a number of board changes if the bid interest expressed by a German led shipping group based in Limassol is allowed to proceed. More changes are also due at Emporiki Bank (Cyprus) Ltd., after the French banking giant Credit Agricole wrested control of Emporiki Bank of Greece, which in turn holds a controlling 60% stake in Emporiki Cyprus. Of the other banks, Alpha Bank, Arab Bank and the National Bank of Greece (Cyprus) Ltd., will not be affected by recent changes. Sweeping changes By far the most sweeping changes at Hellenic Bank, Bank of Cyprus and partially at other banks have been forced upon because of the cleanup orchestrated by the Central Bank Governor.