Athens, Greece. Eurobank said it projects total financing in Crete will exceed €1.3bn between 2023 and 2028, describing the plan as part of a long-term commitment to the island’s development and business ecosystem. The bank said the funding will support investment across key sectors of the Cretan economy.
Financing plan for key sectors
The bank said the financing is directed towards tourism and hospitality, energy and infrastructure, construction and real estate, trade, manufacturing and services. It said the aim is to help build a more resilient and sustainable production model for Crete.
Three-day visit to Crete
Eurobank’s senior leadership is carrying out a three-day visit to Crete from June 8 to June 10, 2026, with the stated objective of strengthening dialogue with the business community, institutional stakeholders and local authorities.
The delegation is led by chairman of the board Giorgos P. Zanias and chief executive officer Fokion Karavias. It also includes deputy chief executives Konstantinos Vasileiou, Iakovos Giannaklis and Stavros Ioannou, along with other senior bank executives.
Meetings with local stakeholders
During the visit, the group is holding meetings with entrepreneurs and representatives of productive sectors across all regional units of Crete. Separate discussions are also taking place with the bank’s employees on the island.
Karavias on Crete’s economic role
Karavias said Crete is “a model of a fully integrated local economy, with strong and mutually reinforcing activity across all sectors, from agricultural production to services.”
He said the “strong brand Crete promotes local products and supports their presence in international markets, while enhancing the reputation and image of Greece as a whole,” and attributed a central role to tourism in what he described as a positive economic cycle.
Infrastructure and business expansion
Karavias also said major infrastructure projects under way are upgrading Crete as a destination while improving the quality of life for residents.
He said Eurobank plays a key role in financing public and private investment projects, particularly those that enhance tourism competitiveness and productivity, while strengthening long-term relationships with the local business community.
The bank said the visit also reflects its strategy of expanding operations in Crete, which it described as a priority in its business planning.
