By Reuters Staff
2 Min Read
FILE PHOTO: View of a Eurobank branch in central Athens March 11, 2015. REUTERS/Yannis Behrakis/File Photo
ATHENS (Reuters) - Eurobank, one of Greece’s four largest lenders, said on Thursday it agreed to merge its Serbian unit Eurobank Beograd with Direktna Banka.
The combined bank, Eurobank Direktna, will have total assets in excess of 2.0 billion euros, total equity above 300 million and net income of more than 35 million euros, Eurobank said.
Its market share will exceed 6.5% in total loans, making it the seventh largest in Serbia.
Eurobank will control about 70% of the combined bank
while Direktna’s shareholders will own the remaining 30%.
Eurobank agrees to merge Serbian unit with Direktna Banka reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Greece-based Eurobank selects Temenos Wealth solution ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.
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Greece’s Eurobank selects Temenos 06 May 2021
Source: Temenos Temenos (SIX: TEMN), the banking software company, today announces that Eurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. Eurobank, the third largest bank in Greece, will use Temenos Wealth to create a fully-digital investment portfolio management service offering Robo-Advisor and Goal-Based Investing apps to target the mass affluent and affluent market.
These growing market segments want personalized offerings and are used to convenience through digital channels. With the Temenos solution, Eurobank combines an efficient back-office and product-building engine with modern omnichannel customer experiences powered by AI to meet the segments’ high ex