A press conference was held yesterday for the purpose of introducing the new banking organisation EFG Eurobank Ergasias, after its recent legal merger. The presentation by the members of the Executive Board also included an analysis of the bank's development strategy for each area of activity.A press conference was held yesterday for the purpose of introducing the new banking organisation EFG Eurobank Ergasias, after its recent legal merger. The presentation by the members of the Executive Board also included an analysis of the bank's development strategy for each area of activity.
Chairman Mr Xenophon Nickitas drew attention to the fact that the new banking organisation already occupied third place in the Greek banking sector, with assets in excess of GRD 5 trillion, shareholders' equity of more than GRD 600 billion, a network of 330 branches throughout the country, and a staff of approximately 7,500. He added that the potential which the new organisation is capable of developing stems chiefly from a series of qualitative characteristics made possible by the complementarities between the two merged banks and the creative synthesis of the unique comparative advantages which each has brought to the new banking organisation. In this way, he stressed, and on the basis of a new customer-centred approach, the objective is to maintain high rates of organic growth of over 40 per cent per annum.Managing Director Mr Nicholas Nanopoulos presented the basic aims of the new banking organisation's strategy. These are:
In private banking, Mr Karamouzis noted that 15 specialist units have been established throughout Greece, whilst each branch has a specialised investment advisor. The total capital under management by the Private Banking department amounts to GRD 1.5 trillion. The aim is to offer comprehensive financial services and solutions for managing assets of high net-worth individuals, namely by providing up-to-date products, security, and satisfactory yields. An important advantage is, of course, the collaboration with the EFG Bank Group, which provides direct access to international markets.