Plans to magnify Alpha Bank's position in Cyprus: The Group’s Board was back on the island

Alpha Bank Group and Alpha Bank Cyprus have held joint meetings in Cyprus this week, an indication of the special importance the group attaches to its subsidiary and to its further development.

According to the same sources, the second, within two months, descent to the island of the Group's leadership team, led by its president, Vasileios Rapanos and CEO, Vasileios Psaltis, signals the bank's determination to increase its position in Cyprus and growth of its operations, through the utilization of the strategic agreement with UniCredit in the areas of business banking and bancassurance (an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base).

At the same time, it confirms the full support of the group's Board of Directors to the new management of Alpha Bank Cyprus, under Miltos Michaelas.

The management of the Alpha Bank Group and its Cypriot subsidiary had the opportunity to meet with the new Governor of the Central Bank of Cyprus, Christodoulos Patsalides.

It is recalled that, during last February's visit, there were meetings with the President of the Republic, Nikos Christodoulides, Archbishop Georgios, the Minister of Finance, Makis Keravnos and the then Governor of the Central Bank, Constantinos Herodotou.

(Source: InBusinessNews)

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