Hellenic Bank senior general manager Stephanos Kassianides has highlighted the crucial role of a robust banking system in fostering business initiatives and economic growth.

Speaking during a business event in Athens, Kassianides said that the Cypriot banking sector, despite challenges in the past decade, has regained customer trust, with data underscoring its positive trajectory.

“Capital strength, effective credit risk management, and adaptability to economic challenges ensure that Cypriot banks can robustly support growth, even in a climate of geopolitical instability,” he stated.

He also emphasised Hellenic Bank’s strong position to support business opportunities and national development.

Kassianides added that the bank’s recent integration into the Eurobank Group boosts confidence in its business model and the prospects of the Cypriot economy.

“This strategic move is a vote of confidence in the Cypriot economy, enhancing the stability of the local banking sector, promoting growth and innovation, and underscoring the attractiveness of the Cypriot market to international investors,” Kassianides said.

Moreover, when discussing key challenges, Kassianides stressed the bank’s commitment to rapid digital transformation.

“Our goal is to become the most modern and customer-friendly bank in Cyprus,” he said.

“Leveraging the expertise provided by the Eurobank Group, we aim to continually improve our services, support our clients, and leave a positive impact on society and the environment,” he concluded.