Eurobank Cyprus expands business ties in India

Eurobank Cyprus on Thursday announced that it explored the deepening of business relations with India through its participation in the India Mediterranean Business Conclave.

The forum, which was held by the Indian Ministry of External Affairs and the Confederation of Indian Industry (CII) on September 6, in New Delhi, aimed to enhance regional cooperation and expand investment opportunities between India and Mediterranean countries.

At the event, Demetris Eliades, Head of International Business Banking, and Panayiotis Chrysostomou, Manager of Banking Services & International Credit at Eurobank Cyprus, highlighted the promising business prospects and strategic plans for the bank’s expansion into India.

Chrysostomou was involved in a discussion on Cyprus’ competitive advantages as an investment destination and its role as a gateway to the EU for Indian businesses.

He also spoke about Eurobank Group’s decision to establish a representative office in India, with the Mumbai office set to strengthen ties with India and facilitate business activities.

Moreover, the forum featured meetings with Indian investors and entrepreneurs and included a roundtable discussion involving Deputy Minister of Research, Innovation and Digital Policy Nicodemos Damianou.

The Cypriot Ambassador to India and other key business figures from Cyprus were also involved in the discussion.

“The Eurobank Cyprus delegation underscored the bank’s business model, which relies on five core pillars of activity, positioning it as a leading and reliable provider of banking and investment services,” the bank said in its announcement.

It added that “the bank’s philosophy focuses on building long-term trust with clients, offering tailored banking products, and maintaining a robust and healthy portfolio”.

“This engagement forms part of Eurobank Group’s broader initiative to strengthen business relationships with India, following a Memorandum of Understanding signed earlier this year between Eurobank S.A. and NPCI International Payments Limited,” the bank added.

Finally, the bank explained that this agreement aims to enhance cross-border payments using the Unified Payments Interface (UPI) technology.