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Eurobank General Sponsor of the 15th Economic Summit of the Republic of Serbia

9 June 2015.

Belgrade, June 09, 2015 - Eurobank was the general sponsor of the 15th Economic Summit of the Republic of Serbia, organised in Belgrade on June 8-9th.

At the event organised for the 15th year in a row by TGI Group International and the Economic Institute, ministers in the Government of the Republic of Serbia, ambassadors, representatives of the business sector and other officials discussed economic recovery, growth of the Serbian economy, international prospects and development opportunities of Serbia.

At a very high-profile introductory session to the Summit, opened by Deputy Prime Ministers of Serbia Ivica Dačić and Zorana Mihajlović, President of the Executive Board of Eurobank in Serbia Filippos Karamanolis underlined that Eurobank remains committed to supporting the Serbian economy. Karamanolis highlighted that Serbia managed to attract some of the best banking groups in Europe, and it is important because the role of banks is crucial for economic growth.

Commenting on the main issues encountered by the sector, Karamanolis said that signs of stabilisation in the area of NPLs compared to the end of 2013 and early 2014 are evident, but that everyone should remain cautious. He reiterated that the National Bank of Serbia, in cooperation with the International Monetary Fund, European Bank for Reconstruction and Development and other relevant international and local factors announced an initiative related to resolving the NPLs issue.
Prof. Ivan Vujačić, a member of the Board of Directors of the Bank, took part at one of the panel discussions as a host of the debate on macroeconomic stability.

As a prestigious event in Belgrade, the Economic Summit has been held every year since 2001. The Summit represents an annual overview of the political, economic and business developments in Serbia and its role in the region and the European Union. The Summit is an excellent forum for communication of Serbian and international decision-makers, business leaders and experts. More than 400 participants attend the event each year and thus have an opportunity to learn more about the Government’s economic policy and meet with peers from Serbia and abroad.

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