The development of Greek-Romanian economic relations and the contribution to this goal made by both EFG Eurobank Ergasias and the wider Latsis Group were the main topics of conversation at a meeting (yesterday, July 1, 2003) in Bucharest of the President of Romania Mr. Ion Iliescu, Mrs Elena Petculescu, President & Chair Person of the Board, and, the CEO of EFG Eurobank Ergasias Mr. Nikolaos Nanopoulos. Mr. Nanopoulos was accompanied by Messrs. V. Ballis, Deputy CEO, D. Watson, Senior Advisor to the Management, and I. Pehlivanidis, Vice President.
It was agreed that, in this connection, a significant role was played by Greek enterprises established in various economic sectors in Romania, and particularly in the sector of credit and finance. Both President Iliescu and Mr. Nanopoulos pointed out that the planned entry of Romania in the European Union will usher in significant positive developments for the country’s economy, and they confirmed that Greece supports the initiatives taken by the Romanian government in this direction.
During the meeting, President Iliescu stressed the need for further development and improvement in Romania’s financial sector, given that the latter constitutes the means for realising and supporting projects of country-wide scope. Mr. Nanopoulos then analysed Eurobank’s strategy for the further development and evolution of Banc Post into a modern bank that will provide qualitative and innovative products and services, contributing in this manner to the restructuring and development of the Romanian economy. Eurobank recently strengthened its presence in Romania’s Banc Post, and now controls a majority equity stake.