Press Releases

It is a great pleasure to welcome you to Cyprus on this occasion. Your presence here tonight is both a reflection of Eurobank’s strong and expanding footprint in our country, but also a testament to Cyprus’ role as a dynamic and reliable financial and business hub in the region.

The Cypriot economy has demonstrated remarkable resilience and adaptability these last two years, achieving one of the highest growth rates in the Eurozone. This has been possible due to responsible fiscal policies that have yielded tangible results, leading to conditions of full employment, a robust fiscal surplus, and a consistent decrease in public debt. And we remain committed to maintaining economic stability and fostering a competitive business environment, recognising that a strong economy is the foundation for sustainable growth and prosperity.

Looking ahead, we are determined to strengthen Cyprus’ role as an international financial centre. Our strategy is clear: fiscal responsibility, a robust financial sector and structural reforms via accelerating digital transformation and implementing policies that reinforce the country’s competitiveness in an increasingly interconnected and demanding global market.

Within this framework, the banking sector is a critical pillar for investment, innovation, and economic development. A well-capitalised and stable financial system is essential to supporting businesses, facilitating trade, and unlocking new opportunities for growth.

Eurobank has played a significant role in this effort. As one of the most prominent financial institutions in the region, the Group has consistently demonstrated its commitment to growth, customer-centric innovation, and responsible banking. The recent acquisition of Hellenic Bank and the broader strategic positioning of Eurobank in Cyprus reaffirm the Group’s confidence in the potential of our country and its financial system.

Beyond Cyprus, Eurobank’s expansion into new markets, such as its strategic entry into India, signals a forward-thinking approach, aligning with the broader global shifts in economic activity. By leveraging its robust regional presence, Eurobank is well-positioned to bridge Europe with emerging financial and trade hubs, creating new opportunities for collaboration, investment, and business growth.

As part of our vision for economic resilience and long-term prosperity, we are also proceeding decisively with a comprehensive tax reform. Our goal is to modernise the tax system to further strengthen the investment climate and enhance Cyprus’ appeal as a preferred destination for international business. The reform will streamline tax procedures, reduce unnecessary complexities, and introduce measures that encourage entrepreneurship, attract foreign direct investment, and support economic diversification. A predictable and growth-oriented tax system that is a catalyst for long-term economic success, allowing businesses to plan with confidence and operate in a stable regulatory environment.

At the same time, it is crucial that the success of our economy translates into tangible benefits for our citizens and businesses. A key priority moving forward is to ensure that the financial sector remains focused on enhancing access to financing for Cypriot enterprises and individuals. Strengthening lending opportunities and fostering a more inclusive credit environment will enable businesses to expand, create jobs, and drive further economic growth. Equally, ensuring that Cypriot households have the necessary financial support to invest in their futures will reinforce social prosperity. In this way, the strong macroeconomic performance of Cyprus can progressively translate into broader well-being and economic development.

In this context, the partnership between the public and private sectors is indispensable. The financial industry, and particularly institutions such as yours, plays an instrumental role in shaping the economic trajectory of Cyprus. Your expertise, investment, and engagement contribute to the continued evolution of our economy, ensuring that we remain at the forefront of financial innovation and global economic trends.

Ladies and gentlemen,

As we navigate this new era of economic transformation, we remain committed to fostering an environment that supports growth, strengthens financial stability, and unlocks new opportunities for business and investment. The steps we take today will define the economic landscape of tomorrow, and we are determined to ensure that Cyprus continues to thrive as a premier financial and business destination. 

Eurobank’s leadership, vision, and presence in Cyprus reinforce our country’s standing as a leading financial hub. The Group’s decision to expand its footprint here aligns perfectly with our objectives to attract high-quality investments, promote innovation, and drive sustainable economic growth. We look forward to continuing our collaboration with Eurobank and the wider financial community to achieve shared success.

I would like to extend my warmest congratulations to the members of the Board of Directors and the management team of Eurobank for your achievements and vision. I wish you every success in your future endeavours, confident that Eurobank will continue to be a key player in shaping the financial future of Cyprus and beyond.

Enjoy your evening, and thank you very much.

(RM/IA/MS)