This morning, a meeting at the Ministry of National Economy focused on UniCredit’s investment in the Greek banking system and its broader significance in advancing the European Banking Union. Attendees included UniCredit Group’s CEO, Andrea Orcel, and Alpha Bank’s CEO, Vassilis Psaltis. Additionally, Finance Minister Kyriakos Pierrakakis met with Alpha Bank’s President, Dimitris Tsitsiragos, along with other management team members.
Key Statements:
Kyriakos Pierrakakis: “I would like to welcome Mr. Andrea Orcel, CEO of UniCredit, and Mr. Vassilis Psaltis, CEO of Alpha Bank. Their presence here signifies a strategically important agreement: the increase of UniCredit’s stake in Alpha Bank’s share capital. This investment carries not only financial implications but also significant symbolic meaning for both Greece and Europe. It powerfully demonstrates confidence in the Greek economy and acknowledges the progress made in recent years, marking a return to stability, credibility, and growth. This level of confidence, which once seemed unattainable, is now well founded.
This investment also affirms the remarkable recovery of the Greek banking sector, which faced significant challenges during the financial crisis. Today, it shows renewed strength in capital adequacy, digital innovation, and a growth-oriented focus.
However, UniCredit’s investment transcends national borders; it is inherently European. It embodies the essence of the European Union: a unified, open market where investments flow freely and economic collaboration serves the common good.
This is the vision for a strengthened European framework: a Union that fosters deeper economic and banking integration, supporting and promoting strategic synergies like this one.
Ask Me Anything
Explore Related Questions
