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National Bank of Greece (Cyprus) Achieves Remarkable €13.6 Million Profit in 2024

Overview of 2024 Financial Success

The National Bank of Greece (Cyprus) has reported a notable net profit after tax of €13.6 million for 2024. This represents a substantial 143% increase compared to the previous year, showcasing the bank’s strong performance.

Impressive Asset Growth

The bank’s total assets have seen a significant rise, reaching €1.2 billion, marking an impressive year-on-year increase of 123%. This growth is primarily attributed to the bank gaining increased customer trust and strengthening its presence in the market.

Operational Efficiency and Loan Management

With a cost-to-income ratio now at 48.6%, a 24-percentage-point improvement, the bank demonstrates efficient use of resources through investments in its workforce and digital infrastructure. Furthermore, the bank achieved a notable decline in its non-performing loans (NPL) ratio, down to 1.8%, emphasizing effective credit risk management and a robust loan portfolio.

Interestingly, the bank’s consistent lending activities resulted in new loans totaling €625 million for the year, consolidating its support for the local economy.

Capital Resilience

With a Common Equity Tier 1 capital ratio of 22.6%, the bank continues to maintain a strong capital base amid the evolving financial environment. This aspect highlights its resilience and capability to adapt to market changes.

George Agioutantis, CEO of the National Bank of Greece (Cyprus), expressed optimism saying, “Our strategic direction is clear. We aim to create sustainable value for our customers, our team, and shareholders.”

Webflow Strengthens Marketing Suite With Acquisition Of AI-Powered Vidoso

Strategic Acquisition For Enhanced Marketing

Webflow, a leading software platform for website building and hosting, has acquired AI-driven content-generation platform Vidoso to advance its suite of marketing offerings. The move signals Webflow’s strategic shift from being recognized solely as a website builder and CMS provider to emerging as a holistic, agentic marketing platform.

Integrating AI With Content Creation

Vidoso, founded in 2024, uses large language models to help organizations generate marketing materials such as images, presentations, video clips, blog posts and social media content. One of the platform’s features allows users to convert long-form content, including keynote presentations or panel discussions, into shorter formats such as video clips and blog posts. Following the acquisition, Vidoso’s four-person team will join Webflow, and the technology is expected to be integrated into the company’s broader content and marketing tools

Driving Operational Efficiency In A Competitive Market

Webflow has raised more than $330 million in funding and has previously expanded its marketing capabilities through acquisitions and partnerships. Earlier initiatives included the acquisition of personalization platform Intellimize and the launch of integrations with advertising platforms such as Google Ads. The company is operating in an increasingly competitive market as startups develop AI tools for marketing automation. Competitors in this space include companies such as Kana, Hightouch and Blueshift. Webflow CEO Linda Tong said the company aims to build a platform that connects brand management, demand generation, product marketing and content development within a single system.

Closing The Gap With Branded AI Content

Vidoso’s CEO, Sharad Verma, explained that earlier iterations of AI delivered generic content that lacked alignment with individual brand systems. “Frontier models are trained on the average of the internet, not on the specifics of your brand,” Verma stated, emphasizing how Vidoso’s platform addresses this shortfall by ensuring consistent, governed, and production-ready content that aligns with existing marketing workflows.

A Forward-Looking Vision

Webflow views the acquisition as part of a broader shift toward AI-assisted marketing tools that combine content creation with performance insights. According to Tong, integrating these capabilities into a single platform allows companies to create marketing assets while analyzing their performance and refining future campaigns.

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