Eurobank weighs Tel Aviv office to support Israeli businesses and investors

Tel Aviv, Israel. Eurobank is weighing whether to open a representative office in Tel Aviv to better assist Israeli companies and investors with their international operations. The possibility emerged at this week’s 8th Cyprus-Israel Business & Investment Summit, as Cyprus looks to advance economic cooperation with Israel and expand its position as a European centre for business and investment.

Summit focuses on expanding economic links

Eurobank supported and participated in the summit, which gathered entrepreneurs, investors and representatives of institutions from Cyprus and Israel. The event took place against a backdrop of widening bilateral ties in investment, trade, tourism, energy, technology, services and innovation.

Deputy CEO Andreas Petsas represented Eurobank, while Senior General Manager Stefanos Kassianides spoke at the conference about the value of cooperation between Cyprus and Israel.

Complementary strengths and regional opportunities

Kassianides said the countries could draw on their complementary advantages to connect Europe with the broader region. He highlighted the contribution that companies, investors and financial institutions could make in pursuing opportunities created by stronger regional connections and projects including the India-Middle East-Europe Economic Corridor (IMEC).

He said business links between Cyprus and Israel had developed considerably over recent years, supported by their geographical closeness as well as robust economic, commercial and institutional connections.

According to Kassianides, the complementary strengths of their economies offered substantial scope for closer collaboration among businesses. He also described Cyprus as a gateway into the European Union and the surrounding region.

Possible office linked to international strategy

Discussing Eurobank Group’s international footprint and strategic development, Kassianides disclosed that the bank was assessing a representative office in Tel Aviv. Such an office would increase its capacity to assist Israeli businesses and investors operating internationally.