Vrettou (Credia Bank): At least one new collaboration by the end of 2025

As she said, the collaboration will concern one of the three sectors of bancassurance, asset management and brokerage companies. “We are looking for smart transactions that fit our philosophy,” Vrettou noted.

She made special reference to the recent acquisition of HSBC Malta, which, as he said, will double Credia Bank’s size, from approximately 7 billion euros to approximately 16 billion euros in assets, noting that it is an extremely profitable bank, generating 100 million euros in profits annually.

“With a small investment from us, it can yield much greater profitability,” she said, while at the same time pointing out that “with Malta as a springboard, Credia will improve its product footprint, close loans and make acquisitions.”

Vrettou also referred to a large investment plan, which is evolving at two levels:

– At the level of digital applications and digital transformation. “Let’s tear down everything the bank has today and build it from scratch”, she pointed out, speaking of an investment of over 60 million euros over a three-year period.

– At the level of physical branches, where an investment of approximately 30 million euros is underway.