Could Spyros Latsis Make a Comeback in Greek Banking?
Spyros Latsis, the Greek billionaire and business magnate, is widely known as the son of the late tycoon Yiannis Latsis, whose legacy spans shipping, real estate, and banking. Now, nearly 13 years after stepping away from Eurobank amid Greece's financial crisis and the strict bailout agreements that reshaped the country's economy, speculation is growing over whether he could return to the Greek banking sector. Interestingly, these rumors are not originating from Greece but from sources abroad, fueling discussions about Latsis's potential re-entry into a market he once played a key role in shaping. Currently, Latsis holds a 45% stake in EFG International, the Swiss banking powerhouse that has been demonstrating impressive financial performance. The bank's first-half results for 2024 underscore its steady growth, with total assets reaching 41.2 billion Swiss francs. Its equity capital stands at 1.9 billion francs, while its net profit...
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