“The criticism calling for a relaxation of regulations at both the fiscal and banking levels is not only unjustified in times of crisis, but also proves to be dangerously short-lived,” stressed Eurobank CEO Fokion Karavias in his speech at the shareholders’ general meeting , sending a clear message in all directions.
He added that public discourse often references the role of banks in the growth of the Greek economy and emphasized that they play a supportive role in growth. He reiterated that “increasing investment must become the guiding star of policy.” Regarding alignment with the central goal of strengthening the country’s image, he emphasized that “Eurobank promotes the country’s positive narrative abroad.”
Cornerstone
Beyond credit expansion, the cornerstone of the bank’s growth strategy is the diversification of revenue sources. “Eurobank has transformed into a strong banking and insurance group with assets of €110 billion, operating in three countries, and is in an excellent position to capitalize on opportunities, particularly in Bulgaria,” emphasized Mr. Karavias.
“However, diversifying revenue sources also requires further moves in the areas of banking, insurance, and wealth management,” he added.
According to the bank’s CEO, the third pillar of the group’s strengthening is “laying the foundation for the future through technology, in which Eurobank will invest a total of €750 million from 2026 to 2028.” A total of €35.3 million is expected to be distributed to the bank’s staff.
Corporate Responsibility
“We are constantly expanding the bank’s social footprint. Our motto is the new generation and its needs,” emphasized Mr. Karavias, referring to the bank’s support for Demographic issues, Education, and innovative startups, highlighting the“Marietta Giannakou”program as well as other initiatives.
The dividend
The total dividend payout from 2026 through 2028 is expected to reach €2.6 billion, corresponding to 55% of profits. Return on equity will rise to 17% in 2028, while the DTC will be eliminated ten years earlier, in 2031.
The Challenges
The Greek economy is resilient, yet challenges remain, chief among them attracting productive investment, for which the completion of key reforms is essential. “Greek banks finance the Greek economy, businesses, and households and contribute to the country’s further development,” Eurobank Chairman George Zanias emphasized a short while ago at the bank’s annual general meeting of shareholders.
* Read the speeches by Mr. Zanias and Mr. Karavias in the Related Materials section.