Marfin Popular wants to expand to Russia-Bulgaria

Marfin Popular Bank has set as top priority its expansion into the markets of Russia and Bulgaria in tandem with higher forecasts to be revised higher in its business plan, said Deputy CEO Christos Stylianides.

Speaking at the Cyprus Day seminar in Athens, Stylianides said MPB is the top Cyprus banking group as regards own capital, the number of branches, international presence and dividend yield while the Group is now forecast to become the most profitable banking institution when the first quarter results are released.

Stylianides reiterated the strategic expansion plans of Marfin, referring to the offer made to Bank of Cyprus shareholders to consider a possible merger, or authorize their board to engage in talks with the board of MPB with the objective of merging of the overseas operations of both groups.