Eurobank is planning its expansion into the markets of India, Saudi Arabia, the United Arab Emirates and Israel, towards promoting Cyprus as an investment centre.
These plans were mentioned during the presentation of the financial results of the Eurobank Group by the Deputy CEO, Group Chief COO & International Activities, Eurobank SA, Stavros Ioannou.
As he emphasised, "by implementing a coherent growth strategy that combines diversified profitability, innovation, extroversion and sustainability, Eurobank is dynamically evolving into a strong regional banking group, " noting that the bank "actively supports the real economy and creates long-term value in the markets where it operates."
With a balance sheet of over €100 billion, he said, Eurobank is the only Greek banking institution widely recognised by the market and institutional bodies as being of systemic importance at the European level.
According to Ioannou, the bank has over €54.3 billion in loans and €79 billion in deposits, while it is dynamically strengthening its presence outside Greece - in Cyprus, Bulgaria, Luxembourg and London - with 53% of net profits coming from international activities and a target to reach 55% by 2027.
A key pillar of the extroverted strategy, he added, is Eurobank Ltd in Cyprus, with assets of over €28 billion, "confirming the Group's confidence in the country's economy and business environment."
The goal of this new era, he underlined, is to make Cyprus an investment centre that will support the Group's further development in markets such as India, Saudi Arabia, the United Arab Emirates and Israel.
At the same time, after announcing the establishment of representative offices in Mumbai by the end of 2025 and subsequently in Abu Dhabi, he pointed out that "Eurobank is emerging as a hub connecting emerging markets with Europe, making Cyprus a gateway for businesses from India and the Middle East."
At the same time, Ioannou added, Eurobank is strengthening the diversification of its operating model, proceeding with targeted moves such as the agreement to recover Eurolife's Life activity, further strengthening its presence in the insurance sector.
"It consistently invests in cutting-edge technologies, with a human-centric philosophy, evolving into a modern banking platform that combines banking excellence with digital flexibility and a strong regional presence with a broad perspective," he continued.
With consistency and determination, Ioannou concluded, " Eurobank is emerging as a point of reference in Greece and abroad , building a platform that unites trust, reliability, innovation and international momentum."
(Source: InBusinessNews)
