EFG bank's stipends amount to €1,000 each and were granted to 800 students whose average grade is above 9.5 (on the scale from 5 to 10).
Vuksanovic said that what EFG bank did is a good sign for Serbia's economy. He also said that students should not worry about whether their degrees will be equalled with the new master degree, adding that the Constitution and the Law on higher education guarantee that the title of master and qualified engineer will be considered the same.
Assistant General Manager for International Business of the Athens-based EFG Eurobank Theodore Karakassis said that the bank is actively engaged in social programmes and intends to realise them in Serbia as successfully as in Greece, adding that other financial institutions should take a leaf out of their book.
According to Karakassis, the "Eurobank EFG Stipend" is one of the projects of the bank's corporate social responsibility directed primarily towards supporting education, health, environmental protection and sports.
Ioannou specified that the bank has projected €3 million for supporting local, regional and national development projects in Serbia which is the largest donation granted to Serbian citizens by a foreign company doing business in Serbia.