The Board of Directors of the Eurobank Group meets in full quorum in Sofia, from Monday, March 27, 2023 until Wednesday, March 29, 2023, outside its headquarters in Greece for the first time since 2016, thus signaling the special importance the Group attaches to its investment in Bulgaria.
In the first official visit to Bulgaria, after the announcement of the agreement with BNP Paribas Personal Finance , which further strengthens the position of Postbank in the Bulgarian market, the management echelon of Eurobank will have a meeting with the President of the Republic of Bulgaria, Mr. Rumen Radev, and other top officials, with corporate clients as well as the Postbank staff. The meetings from the Eurobank side are attended by the Chairman of the Board, Mr. Georgios Zanias, the CEO, Mr. Fokion Karavias, the Deputy CEO , Mr. Stavros Ioannou, theHead of the General Directorate of International Activities & Group Private Banking of Eurobank, Mr. Michalis Louis and the CEO and Chairman of the Management Board of Postbank, Ms. Petia Dimitrova.
The Chairman of the Board of Directors of Eurobank, Mr. Georgios Zanias, underlined the great importance that Eurobank in the Bulgarian market, which is, together with Greece and Cyprus, one of the three markets of systemic importance for the Group. As he stated: «Eurobankis committed to its investment in Bulgaria and Postbank, which has established a leading role as one of Bulgaria's systemic banks, enjoying a strong customer base as a reliable and innovative partner. This is due to the dedication, hard work and creativity of 's teamPostbank, which has strengthened the Bank's market shares and prospects, thanks to the significant growth achieved over the last 30 years. We are particularly proud of her development. Eurobank, as the only Greek systemic bank with a strong presence in five markets, continues to strengthen its international operations, which have achieved a strong increase in net adjusted profits of more than 50% in 2022, to €224 million, with 43% of these comes from Bulgaria.”
Ms Petia Dimitrova, Managing Director and Chairman of Postbank's Management Board, said: “We had a very successful year for Postbank. Our loan portfolio exceeded BGN 10 billion (Bulgarian Lev), i.e., it registered an increase of 14.5% year-on-year, with a market share of 11.9%. The agreement for the acquisition of the BNP Paribas Personal Finance subsidiary in the country will allow us to further consolidate our position among the “big four players” of the Bulgarian banking market. In recent years, we have had a number of successful mergers, proving that consolidation is a process with a positive impact on the market and on our customers, who have at their disposal even faster, more profitable and more innovative services than a larger, now organization, member of a powerful international group.”.
