Aegean Baltic Bank (ABBank) is entering a new phase of growth, backed by a strong capital base, with shipping firmly at the heart of its strategy and plans to broaden its activities through technologically advanced banking and investment products in 2027.
The Bank’s strategy was presented at an event at Domus, in Asteria Glyfada, attended by its main shareholder, Telis Mystakidis, as well as a large gathering of shipowners and executives from the financial and business sectors.
Speeches were delivered by the Governor of the Bank of Greece, Yannis Stournaras, the chief executive of Aegean Baltic Bank, Aristides Vourakis, and Georgios Doukidis, a professor at the University of Nicosia.
A resilient economy
In his remarks, the Governor of the Bank of Greece, Yannis Stournaras, said, among other things: “Greece no longer faces every international financial shock from a position of fiscal weakness. It has much greater capacity to absorb external shocks”.
“Progress on public finances has helped secure an upgrade to the country’s credit rating and its return to investment grade, strengthening the international credibility of the Greek economy”.
In his keynote speech, Aegean Baltic Bank CEO Aristides Vourakis said, among other things: “After 25 years of making a decisive contribution to shipping finance, Aegean Baltic Bank envisages a strong growth trajectory that will meet the full range of needs across the shipping ecosystem, using advanced technology and providing personal service”.
“At the same time, while maintaining its specialist focus, it will offer products to a broader investor base, drawing, among other things, on the new legislation on Occupational Pension Funds, further diversifying its business”.
For his part, Georgios Doukidis, a professor at the University of Nicosia, said, among other things: “Artificial intelligence does not create value only for technology companies”.
“A bank that uses artificial intelligence to improve risk assessment can create significant economic value and strengthen its competitiveness”.
The event concluded with a reception at Domus, where Aegean Baltic Bank executives exchanged views with guests. The Bank is entering a new era, with confidence, an outward-looking approach and modern tools, aiming to deliver meaningful added value for its customers and partners.