Fokion Karavias

Eurobank and the Indian Chamber of Commerce (ICC) signed a memorandum of understanding (MoU) on Monday to work toward establishing the India-Greece-Cyprus (IGC) Business Council.

The MoU was signed in the presence of Indian Ambassador Shri Rudrendra Tandon at the Indian Embassy in Athens.

Eurobank has revised upward its objectives for 2024, raising the estimate for organic operating profits to over 1.6 billion euros against €1.5 billion in its previous estimate, a return on equity close to 16.5% vs 15%, NPL ratio of 3% vs 3.5% previously estimated and a capital ratio of 17%.

Eurobank announced on Wednesday significant incentives for its workers to expand their family to at least three children.

Eurobank has announced overall net profits of €1.14 billion for 2023, compared to €1.347 billion in 2022.

Eurobank won shareholder approval on Thursday to buy back the 1.4% stake in the group held by Greece's bank bailout fund, a move that would end state participation in the country's largest lender.

Eurobank is making a 750 million euro ($821 million) funding package available to help Greek hotels and support tourism, which has been hit hard by the coronavirus crisis.

The Athens-based E-Kyklos think tank is organizing an online public debate on Wednesday evening titled "The Pandemic and the Strength of the Greek Economy: The Day After," featuring former deputy prime minister Evangelos Venizelos, the chairman and chief executive officer of Mytilineos, Evangelos Mytilineos, Eurobank's CEO Fokion Karavias, the president of the Greek Tourism Confederation, Yiann

Eurobank subsidiary FPS is set to evolve into one of the biggest companies in its domain in Greece - with a role in the broader market of Southeastern Europe too - now that Italy's doValue, a member of the Fortress Group, has secured an 80 percent stake in the bad-loan management firm.

Eurobank's effort to bolster the domestic mortgage market by offering products with a fixed rate that ensure an unchanged installment through the repayment period, is seen as an antidote to the uncertainty the decade-long economic crisis has left behind it in Greece.

The merger plan for the absorption of Grivalia Properties by Eurobank was approved on Friday by the general meetings of the two Athens-listed companies. This is set to lead to the capital strengthening of the credit group and the speedier reduction of its nonperforming loans.