Eurobank executive discusses banking sector transformation at ICPAC summit

The 5th ICPAC Mediterranean Finance Summit 2026 was held with the support of Eurobank, focusing on global economic shifts and the transformation of the financial sector. Charis Champakis, Deputy CEO of Eurobank, addressed attendees, including financial experts and institutional representatives from Cyprus and abroad. He noted that Cyprus began 2026 with stable macroeconomic fundamentals and a restored fiscal reputation. However, Champakis warned that sustained growth requires higher productivity, strategic investments, and reliable policy-making. The discussion highlighted the need to manage rising geopolitical and climate-related risks. Furthermore, global trade changes and shifting funding costs are compelling banks to redefine their operational models. The industry is currently transitioning toward a customer-centric and data-driven approach. Banks are expected to accelerate digital transformation and increase organizational flexibility to remain competitive.