LTIMindtree Limited — Updates, 17-02-2025: Press Release

Eurobank has partnered with LTIMindtree to commence a multi-year banking technology program aimed at enhancing customer experience and improving banking operations. This collaboration includes the inauguration of a new Global Delivery Center in Pune, India, signaling a strategic commitment to modernizing technology infrastructure.

As part of this partnership, LTIMindtree will serve as the Services Partner for Eurobank Luxembourg's Temenos implementation, providing essential services such as maintenance, data migration, and quality assurance. This initiative will not only bolster Eurobank's capabilities in Greece, Cyprus, and Luxembourg but also position both companies to leverage advanced IT solutions for improved operational efficiency.

The establishment of this center is expected to significantly modernize Eurobank's banking technology, enhancing customer experiences and meeting growing demand. Investors should view this collaboration as a positive development, potentially leading to enhanced service offerings and operational improvements for Eurobank, while reinforcing LTIMindtree's position as a key player in the banking technology sector.