Greece’s Eurobank is set to open an office in India on Thursday, Might 21, because it seems to faucet commerce and enterprise alternatives between India and Europe.
India and EU accomplished a a lot-awaited commerce deal earlier this 12 months, which is predicted to increase enterprise and commerce between the 2 areas.
Eurobank predominantly operates in the markets of Greece, Cyprus, Bulgaria and the UK. The consultant office marks Eurobank’s first institutional presence in India and can act as a middle for constructing enterprise relationships, attracting investments and sharing information, it stated. It’s hopeful of strengthening its involvement in the India–Center East–Europe Financial Hall (IMEC).
“What we are attempting to obtain via this facility is to weigh commerce and funding flows between the 2 areas. We want to assist Indian corporations that would love to increase their enterprise throughout the EU. On the similar time, we want to assist Greek and Cypriot corporations which have potential curiosity to increase into the Indian market,” Eurobank’s CEO Fokion Karavias stated on Wednesday.
Whereas the lender sees enterprise alternatives between India and the EU rising over time, it does not need to open a full-fledged department right here in India simply but, because it first seems to assess the potential earlier than taking the following step.
“It will likely be one step at a time. We’re opening an office, and we want to see the curiosity round that, and primarily based on this, we might assess our subsequent steps,” stated Karavias.
Eurobank would be the first financial institution in Europe to activate its cross-border remittance service from Greece to India through UPI (unified funds interface).
The service is already obtainable in Greece and is set to be launched in Cyprus at a later stage. It covers the total transaction lifecycle (initiation, clearing, reconciliation and dispute administration), considerably enhancing connectivity between the 2 markets.
Eurobank could also be opening it is first consultant office in India now, it already works with numerous IT corporations right here. For example, in 2025, it inaugurated its world growth middle in Pune with LTI Mindtree. It additionally works with different IT corporations like Accenture and Infosys.
“With the central offshore growth centre, we’re creating various vital initiatives on our digital transformation throughout the group,” stated Karavias.
Discussions are underway with main Indian corporations throughout key sectors together with schooling, dairy, hospitality and the movie trade, to foster lengthy-time period enterprise presence and funding exercise in Cyprus, Eurobank stated.
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