24/04/2007 15:18
Within the framework of “The Cyprus Day in Greece”, Deputy Managing Director of Marfin Popular Bank, Christos Stylianides presented the bank’s plans, which concern its expansion to Russia and Bulgaria and the upcoming upward reformation of the Group’s business plan.
According to euro2day.gr, Mr. Stylianides said that MPB is first in the CSE as regards to the equity, the capitalization, the number of branches, the international presence and the price-earnings ratio, while it is expected to rank first in profitability terms in the first quarter of 2007.
Mr. Stylianides reiterated the Group’s expansion strategy, giving a special emphasis to the proposal that has been submitted to the shareholders of Bank of Cyprus. The proposal concerns the authorization of the Board of Directors to examine the possible merger – at first stage – of the international operations of the two groups.
According to euro2day.gr, Mr. Stylianides said that MPB is first in the CSE as regards to the equity, the capitalization, the number of branches, the international presence and the price-earnings ratio, while it is expected to rank first in profitability terms in the first quarter of 2007.
Mr. Stylianides reiterated the Group’s expansion strategy, giving a special emphasis to the proposal that has been submitted to the shareholders of Bank of Cyprus. The proposal concerns the authorization of the Board of Directors to examine the possible merger – at first stage – of the international operations of the two groups.
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