Eurobank and LTIMindtree: A Strategic Partnership for Digital Transformation

Eurobank S.A. ("Eurobank"), a leading banking group in Athens, Greece, has joined forces with LTIMindtree [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, to initiate a multi-year mutually beneficial cooperation focused on enhancing customer experience by improving banking operations and building innovative IT services. The collaboration, enabled by Fairfax Digital Services (A Fairfax Company), includes the establishment of a Global Delivery Center in India.

Strengthening the commitment to innovation, customer experience, and excellence in banking technology, Eurobank & LTIMindtree, powered by Fairfax Digital Services, officially inaugurated their new Global Delivery Center at the LTIMindtree office in Pune, India. This center is a testament to the strong economic ties between Greece and India and will drive technology modernization, digital innovation, and the enhancement and maintenance of critical banking applications. Alongside the recently established LTIMindtree Greece office, this center will empower Eurobank Group to effectively meet growing customers' demands as it expands its services.

As part of the multi-year relationship, LTIMindtree has been selected as the Services Partner for Eurobank Luxembourg's Temenos implementation program. This involves providing maintenance, data migration, quality assurance, and post-production support services to the bank. LTIMindtree will help drive innovation and modernize the technology infrastructure for Eurobank Group, in Cyprus, Luxembourg, and Greece. The collaboration will enable both companies to leverage the power of LTIMindtree's innovative technology and data solutions to drive significant improvements in customer experience and operational efficiency.

Deputy Chief Executive Officer (CEO), Group Chief Operating Officer (COO) & International Activities, Eurobank Holdings, Stavros Ioannou, said, "Eurobank Group has always been at the forefront of innovation, driving digital transformation to enhance customer experience and operational excellence. Our journey to becoming a digital leader is built on strategic partnerships that accelerate modernisation and create seamless, future-ready solutions. Partnering with LTIMindtree, in collaboration with Fairfax Digital Services, marks a significant milestone in this journey—strengthening our IT capabilities to meet evolving customer expectations and regulatory requirements. We are excited about the future as we redefine customer experience and set new industry benchmarks with the launch of our new Delivery Center in India."

Sanjay Tugnait, CEO Fairfax Digital Services, said, "At Fairfax Digital Services, we are proud to collaborate with Eurobank and LTIMindtree to establish this new Global Delivery Center in Pune. By embracing emerging technologies, we are driving innovation to create enhanced customer experiences and deliver strong business value. This partnership will help Eurobank navigate a rapidly evolving technology landscape and strengthen its position as a digital leader in the industry."

Srini Rao, EVP & Chief Business Officer Europe, LTIMindtree, said, "We are thrilled to announce our partnership with Eurobank as they embark on an ambitious journey to modernize their banking infrastructure technology platform. Our expertise in cutting-edge IT services and seamless Temenos implementation services positions us uniquely to deliver innovative solutions that meet the future needs of Eurobank."

The Eurobank Group, consisting of Eurobank SA and its subsidiaries, is a robust financial organization with a presence in Greece, Cyprus, Luxembourg, Bulgaria, and the UK (London). With €99.6 billion in total assets, 604 branches network in Greece and abroad, and 12,880 employees, the Eurobank Group is committed to developing financial products and services that focus on customers and their needs. It offers sophisticated choices and well-rounded services to individuals and businesses, operating with transparency, building credibility, and applying modern corporate governance practices.

Fairfax Financial Holdings Limited is a holding company primarily engaged in property and casualty insurance and reinsurance and the associated investment management. Founded in 1985 by the present Chairman and Chief Executive Officer, Mr. V. Prem Watsa, the company is headquartered in Toronto, Canada.

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine their businesses through digital transformation. With a strong presence in Europe, the Middle East, and Africa, LTIMindtree is well-positioned to support Eurobank's digital transformation journey.



In conclusion, the strategic partnership between Eurobank, LTIMindtree, and Fairfax Digital Services is a significant step towards enhancing customer experience, improving banking operations, and building innovative IT services for Eurobank and its subsidiaries. By leveraging LTIMindtree's expertise in cutting-edge IT services and Temenos implementation, Eurobank is well-positioned to meet evolving customer demands and regulatory requirements. The establishment of the Global Delivery Center in Pune, India, further strengthens Eurobank's commitment to digital transformation and innovation.