Eurobank estimates that its total financing in Crete during the 2023–2028 period will exceed €1.3 billion, reaffirming its strategic commitment to supporting the island’s growth prospects and local entrepreneurship. The funding is directed toward investments in dynamic sectors of the economy, such as tourism and hospitality, energy and infrastructure, construction and real estate, trade, manufacturing, and services, contributing substantially to the creation of a more resilient and sustainable economic model for Crete.
In this context, Eurobank’s Management is conducting a three-day tour of the island (June 8–10, 2026), strengthening dialogue with the business community, institutional bodies, and local government.
The Chairman of the Board of Directors, Mr. George P. Zanias, and the Chief Executive Officer, Mr. Fokion Karavias, accompanied by the Deputy Chief Executive Officers, Messrs. Konstantinos Vassiliou, Iakovos Giannaklis, and Stavros Ioannou, as well as a delegation of senior Bank executives, will hold a series of meetings with business leaders and representatives of productive sectors from all Regional Units of Crete. At the same time, meetings have been scheduled with the Bank’s employees.
Eurobank CEO Mr. Fokion Karavias stated: “Crete is a model of a self-sufficient local economy, with vibrant and mutually reinforcing activity across all sectors—from agricultural production to services. The strong ‘Crete’ brand promotes local products and supports their presence in international markets, while enhancing Greece’s reputation and image as a whole. The tourism sector plays a central role in this virtuous cycle, while the major infrastructure projects currently underway are upgrading Crete as a destination, while simultaneously improving the standard of living for its residents. Eurobank plays a key role in financing both public investments and private investment projects that enhance the tourism product, improving its competitiveness and contributing to increased productivity in the sector. “Deepening the relationship of trust we have built with the Cretan business community and expanding our operations in Crete are the foundation and priority of our business planning.”
As part of the tour, Eurobank is organizing a special event in Heraklion on Monday, June 8, 2026, attended by representatives of the business and institutional community of Crete. With the participation of the Deputy Prime Minister, Mr. Kostis Hatzidakis, a discussion will be held on the topic: “Investment and Development in the New Geopolitical Environment: The Role of Tourism and Crete’s Contribution to the Resilience of the Greek Economy.” Also participating in the discussion will be the Chair of the SETE Board of Directors, Ms. Agapi Smpoukou, and the CEO of Eurobank, Mr. Fokion Karavias. The discussion will be moderated by journalist Mr. Phoebus Karzis.
Eurobank supports projects with a significant developmental impact in Crete
With €650 million in financing over the past three years, Eurobank plays a decisive role in the implementation of major infrastructure and development projects that contribute to the island’s transformation. These include the Northern Road Axis of Crete (BOAK), the Crete–Attica power interconnection, the upgrade of Chania Airport, and the investment in Gournes.
Crete’s growth momentum is further bolstered by plans for new investments, which are estimated to significantly exceed half a billion euros by 2028.
At the same time, through the Business Banking Tourism Program, now in its 16th consecutive year, more than 65,000 small and medium-sized enterprises in the tourism ecosystem have been supported.
Network Expansion – New Future Branch in Crete
Eurobank has one of the strongest service networks on the island, with more than 40 locations. As part of its ongoing service upgrades, the Bank is opening a new Next-Generation Branch (Future Branch) in Hersonissos, the third to operate in Crete and the 18th nationwide.
Through targeted investments that strengthen both its digital and physical presence, the Bank is consistently implementing its network development strategy, providing modern and innovative services tailored to the evolving needs of its customers. The new branch utilizes advanced technological solutions that enhance the customer service experience, while incorporating infrastructure and features that improve accessibility for people with disabilities.
With a consistent strategic direction and long-term commitment, Eurobank actively supports entrepreneurship on the island, contributing to the creation of a strong, outward-looking, and sustainable economic model for Crete and the country.