National Bank of Greece (Cyprus) has announced the appointment of Michalis Athanasiou to the position of Chief Business Officer, strengthening its management team in a period of dynamic growth and strategic upgrading of the Group's presence in Cyprus.
Athanasiou has extensive experience in senior management positions, with a significant career in large banking organisations in Cyprus, Australia and Luxembourg, the Bank's announcement notes.
He has managed critical transformation projects, capital enhancement projects and complex financings. At the same time, Athanasiou has led a series of successful ventures in international markets and in highly regulated environments, with significant experience in developing business with domestic and international counterparties.
As Group Chief Risk Officer of Bank of Cyprus, he contributed significantly to the process of raising €1 billion in new capital in 2014 and to the subsequent stabilization and strengthening of its balance sheet.
Subsequently, he managed the bank's corporate portfolio for large and international businesses as Executive Director - Global Corporate Banking & Markets.
At Eurobank Private Bank Luxembourg, both from the position of Senior General Manager – Head of Business and then as CEO, he achieved a significant increase in profitability, strengthening the Bank's position in the highly competitive sector of wealth management.
The CEO of the National Bank of Greece (Cyprus), George Agioutantis, stated: “Mr. Athanasiou has extensive experience and deep expertise that are directly linked to our goals for Cyprus.
His integration into the executive team of National Bank of Greece significantly strengthens our strategy and further supports the creation of a strong and sustainable business model in the Cypriot market."
On his part, Athanasiou said, "National Bank has a long history, strong foundations and great growth potential. My goal is to contribute to the formation of a healthy, strong and modern bank, with a quality portfolio, that stands by the Cypriot entrepreneur, strengthens the business ecosystem and supports the real economy."
About NBG Cyprus
The National Bank of Greece (Cyprus) is a Bank with a unique history, but also a dynamic future.
With a presence in Cyprus since 1910, and as a separate legal entity since 1994, the Bank today operates with a modern business model that focuses on corporate banking, offering integrated financing solutions, trade finance, deposit products & cards for businesses and individuals.
At the same time, it consistently invests in improving the customer service experience as well as in the continuous enrichment of the products and services offered through its digital channels.
Focusing on the needs of businesses and society, the National Bank of Greece (Cyprus) remains consistently humane, reliable, efficient and consistently supports growth and sustainability.
The Bank currently employs over 140 people and operates in two central branches in Nicosia and Limassol.
(Source: InBusinessNews)
