Greece’s Eurobank Plans to Expand Overseas Wealth Management
- Bank targeting Saudi Arabia, Dubai, India, Israel markets
- Eurobank seeking full control of Cyprus’ Hellenic Bank
Eurobank Ergasias Service and Holdings SA plans to expand its activities to new markets including Saudi Arabia, Dubai, India and Israel, targeting wealthy clients as the Greek lender seeks to increase profits from international activities.
“In order to be successful we need to grow our footprint and this can only be achieved when you increase the markets where you operate,” said Stavros Ioannou, Eurobank’s deputy chief executive officer, group chief operating officer and head of international activities. “These are still under development wealth management markets that you have to enter early enough to grab the potential and the opportunities.”