The position that the creation of Eurobank Ltd constitutes a historic milestone for the banking sector of Cyprus and marks the new era of the Eurobank Group in Cyprus was expressed by the Bank's CEO, Michalis Louis.
In his statement during the presentation of the Eurobank Group's financial results, Louis emphasised that the strategic investment of €1.3 billion constitutes a strong vote of confidence in the Cypriot economy and its prospects, confirming the pivotal role of Cyprus in the Group's broader planning and its commitment to long-term support of the economy and the business community.
According to Louis, "with the merger of Eurobank Cyprus with Hellenic Bank, two strong banking presences were consolidated into a single organisation with increased dynamics and reach."
"With assets of over €28 billion, Eurobank Ltd is becoming the largest financial institution in Cyprus, implementing the vision of sustainable development, technological progress and people-centered banking," he said.
Since 2007, when Eurobank began its activity in Cyprus, he continued, the Group has proceeded with consistency, reliability and a customer-centric approach, establishing strong ties with the market and society.
"Today, utilising a modern business operating model, the Bank responds to the evolving needs of the Cypriot market and its international clients, providing specialised financial and insurance services of high added value," he underlined.
The strategic initiatives in the insurance sector and the synergies being developed, pointed out the CEO of Eurobank Ltd, "further strengthen Eurobank's position in the Cypriot market, establishing the foundations for stronger support for entrepreneurship, innovation and sustainable development."
At the same time, he said, Eurobank Ltd is emerging as a strategic business hub for the Southeastern Mediterranean, connecting Europe, the Middle East and Asia, and strengthening the Group's extroversion and regional dynamics.
"In this new era, Eurobank Ltd focuses on strengthening the stability, transparency and resilience of the Organisation, with the aim of establishing a modern, innovative and extroverted bank, capable of meeting the challenges of the next decade and actively contributing to growth, acting as a bridge for the Group's further international expansion in high-potential markets," Louis concluded.
(Source: InBusinessNews)
