Resounding proof of confidence in the Greek economy is how Minister of National Economy and Finance Kyriakos Pierrakakis characterized the investment by UniCredit in the Greek banking system, through its partnership with Alpha Bank. Specifically, Kyriakos Pierrakakis met on Tuesday morning (24/6) with UniCredit Group CEO Andrea Orcel and Alpha Bank CEO Vasilis Psaltis. At the meeting, held at the Ministry of National Economy, they discussed UniCredit’s investment in the Greek banking system and its significance, more broadly, in the path toward European Banking Union. The Minister was also joined by Alpha Bank Chairman Dimitris Tsitsiragkos and other management executives.
Kyriakos Pierrakakis: UniCredit investment is resounding proof of confidence in Greek economy
“I welcome Mr. Andrea Orcel, CEO of UniCredit, and Alpha Bank CEO Mr. Vasilis Psaltis. Their presence here seals an agreement of strategic importance: the increase of UniCredit’s participation in Alpha Bank’s share capital. An investment that has not only economic value, but also strong symbolism, both for Greece and for Europe. First and foremost, it is resounding proof of confidence in the Greek economy. In the progress that has been achieved in recent years. In Greece’s return to a path of stability, credibility and growth. This confidence, which seemed unthinkable a few years ago, is today absolutely well-founded,” Kyriakos Pierrakakis noted characteristically.
As he mentioned, UniCredit’s investment confirms the spectacular reconstruction of the Greek banking sector, which was severely tested during the economic crisis, but today has regained its momentum. It now has an adequate capital base, promotes digital innovation and is development-oriented. “UniCredit’s investment, however, is not purely a Greek matter. It is also European. Because it highlights the essence of the European Union: a unified, open market, where investments know no borders and economic cooperation works for the benefit of all. This is the European achievement we want to strengthen: a Union with deepened economic and banking integration, which supports, encourages and implements strategic synergies like this one. The European Union needs stronger, technologically advanced banks that will be able to compete internationally but also finance the transition of European economies. With stability, trust and common European orientation, your agreement can serve as a model of how the future should be built: on partnerships that strengthen the economy and serve society,” Kyriakos Pierrakakis stated.
Andrea Orcel: Greek government’s role decisive in creating suitable conditions for UniCredit-Alpha Bank cooperation
“I would like to express my sincere appreciation to the Minister of National Economy and Finance for today’s constructive and progressive discussion.
The Greek Government played a decisive role in creating the appropriate conditions that made possible the strategic cooperation between UniCredit and Alpha Bank — an institution with strong momentum, clear strategic vision and a leadership team that fully aligns with our long-term commitment to sustainable development. The Government’s commitment to stability, reforms and extroversion has created a fertile environment for long-term, cross-border cooperation and reflects the broader European ambition for integration,” UniCredit CEO Andrea Orcel noted characteristically.
“We particularly commend Greece’s steadfast support for advancing the European Banking Union. In today’s complex geopolitical environment, only through shared vision and cooperation can we build a stronger Europe — a Europe that delivers tangible results to its citizens through growth, opportunities and greater social inclusion,” Andrea Orcel added.
Vasilis Psaltis: Alpha Bank – UniCredit cooperation a historic development for Greek banking sector
“I would like to thank the Minister for the opportunity to participate in today’s discussion. The strategic cooperation between Alpha Bank and UniCredit represents a historically significant development for the Greek banking sector — as it reflects the confidence of one of Europe’s leading financial institutions in the course of the Greek economy,” said Vasilis Psaltis, CEO of Alpha Bank. “It coincides with a period when Greece is characterized by extroversion and aspires to play a leading role in strengthening European financial architecture and Europe’s overall progress. Our joint effort with UniCredit is not limited to creating value. It focuses on supporting entrepreneurship and society, balanced regional development and providing opportunities for progress for all.”
