With the completion of the public offer for Hellenic Bank Public Company, Eurobank's management is proceeding methodically with the next steps. Through the acquisition of Hellenic Bank of Cyprus, Eurobank achieves, in principle, the expansion of geographical diversification but also a more stable balance between retail and business banking.
According to an earlier briefing by Fokion Karavia to analysts, the acquisition of the Cypriot bank would provide additional liquidity, which would not be used in the other parts of the group: "We will use it in the Cypriot economy and in other international projects in the region.".
In "other international projects in the region," the key to what we were looking for at that time was the broader planning of the management, which was none other than the acquisition of a reference base for the wider Eastern Mediterranean region. As a member of the EU and the Eurozone, Cyprus is the most advanced Community market towards the Middle East and the Arab world, with Greece being a strategic target on the chessboard, designed by the management team.
During a period when Europe is strategically searching for a means of escape and access to economies extending as far as the Indian peninsula, there is a... strategist in a pivotal role. For a while now, the Indian market has been circled at Othono's headquarters, possibly due to Fokion Caravias' perception of this orientation.
The reasons are obvious. In this context and the attempt to obtain an office license, Representative Office in Mumbai. A process, which, as BnB Daily is informed, is very close to completion, with all that this may mean for the future. Follow-up, which, according to the central planning, includes similar actions in the Arabian Gulf countries.
It could be argued that Eurobank management's strategy is unfolding at a time when others, such as Eleftherios Venizelos and Aegean, have similar plans.