Eurobank will open a representation office in Mumbai next month, CEO Fokion Karavias said at the Delphi Forum. The move expands the bank’s presence in India as part of its broader international growth strategy.
Pioneering Payment Innovation
The expansion includes enabling India’s Unified Payments Interface (UPI) in Greece, making it the first European country to support remittance transfers via the system. The rollout is being implemented in partnership with NPCI International.
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Strengthening Geopolitical And Financial Ties
The initiative coincides with a planned visit by the President of Cyprus to Mumbai. Karavias said the visit is expected to support further business announcements and deepen ties between Greece, Cyprus and India. Cyprus remains a key market in Eurobank’s regional strategy.
Balancing Growth And Risk
Eurobank’s strategy combines geographic and business diversification. The bank operates across Greece, Cyprus and Bulgaria, with revenue distributed at 50%, 35% and 15% respectively. Karavias said the structure supports stable performance across markets while managing exposure to regional risks.
Embracing Technological And Regulatory Change
Karavias said geopolitical volatility, energy pressures and cybersecurity risks continue to shape the operating environment. Alongside traditional liquidity and credit risks, banks are increasing focus on digital resilience. He pointed to Greece’s recovery from its financial crisis and ongoing technology upgrades at Eurobank’s Luxembourg subsidiary as examples of adaptation.
Looking Ahead
Eurobank’s strategy through 2028 focuses on expanding wealth management and insurance operations as part of its broader revenue diversification. Karavias said the bank will continue investing in technology and regulatory compliance to support growth across markets. The approach combines scaling new business lines with maintaining risk controls amid geopolitical and market volatility.
