Bank of Cyprus: Seeking Acquisitions in Greece – The New Opening 13 Years After the Crisis
6 Articles
6 Articles
Insurance and wealth management in the sights of Panikos Nikolaos - The capital strength that supports the next steps, the 240 million euro investment in technology, the distributions of up to 100% of profits and the bank's position on the new map of the European banking market
Thirteen years after its exit from the Greek market, in the wake of the Cypriot financial crisis, Bank of Cyprus is re-examining its expansion possibilities in Greece, with different terms and a clearly more selective strategy. Insurance and asset management are the main areas in which it is seeking acquisition opportunities, leveraging its strong capital position, high liquidity and the profitability it has built up in recent years.
If Greece was a turnaround story, what can one say about Cyprus? Who would have imagined, after the banking shock of 2013, the West-Russia conflict, which hit… Bank of Cyprus: Development of insurance, investment and digital services - NAFTEMPORIKI
Greece is the most important market outside Cyprus for Bank of Cyprus, which is further strengthening its presence through targeted corporate financing, project financing, etc.
With high profitability, strong capital reserves and generous distributions to shareholders, the management of Bank of Cyprus chooses to keep the island at the center of its strategy.
Bank of Cyprus is investing in AI, digital services and new sources of revenue, intensifying competition with fintechs and strengthening its presence in Greece. CEO Panikos Nikolaou's message on industry trends.
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