Mumbai, India. Eurobank will open its representation office in Mumbai next month, according to chief executive Fokion Karavias speaking at a Delphi Forum panel on building geopolitical resilience. The bank is also advancing a move to activate India’s Unified Payments Interface (UPI) system in Greece in cooperation with NPCI International.
Mumbai office opening and UPI initiative
Karavias said the opening is the result of cooperation with NPCI International in India. He said Greece would become the first European country where remittances can be sent through UPI under the cooperation.
Planned attendance by Cyprus president
Karavias said the President of the Republic of Cyprus is expected to attend the inauguration during an official visit to India in the same period. He said the event would precede a series of business announcements aimed at demonstrating growth dynamics in relations between Greece, Cyprus and India.
Strategy focus and regional footprint
Karavias said the bank’s strategy is built on balancing growth and risk, and described this as a key operational challenge. He said diversification has two dimensions: geographical diversification and diversification across business activities.
He said Eurobank currently operates in Greece, Cyprus and Bulgaria, with revenue distribution at 50 per cent from Greece, 35 per cent from Cyprus and 15 per cent from Bulgaria.
What do you expect Eurobank’s Mumbai office opening to change in its relations with Greece, Cyprus and India?
