ELF Group

Company Overview

Ellinas Finance Public Company Ltd (“ELF”) is a Cypriot public company with more than 20 years of experience and expertise in financing.
Set up as a private company in December 1992 in Nicosia, it became a public company in February 2000. It is listed on the Cyprus Stock Exchange and its shares are traded under the symbol ELF.
The Group’s main activities are short term and medium term lending to individuals and companies through specially-tailored personal and business loans, Margin Trading Accounts for the Cyprus Stock Exchange and the Athens Stock Exchange, Cheque and Invoice Discounting (Factoring) Services, private equity in Cypriot and foreign companies and international money transfers through the Company’s network of more than 60 locations in Cyprus (through the MoneyGram International payment system).
With the best interests of its clients in mind, Ellinas Finance has developed a broad range of specialised products and services, tailor-made to offer quality and service.

Mission and Vision

Mission
In its many years of operation in the Cyprus market, Ellinas Finance has helped a significant number of companies to launch, develop and expand their operations, while facilitating individual clients to achieve their personal goals. The company has a track record of contributing to developing entrepreneurship and supporting the Cyprus economy in a substantial and practical way.
 
Vision
The company is committed to serving the financial needs of individuals and companies in Cyprus and to creating long-term value for its shareholders.
 
Values
- Creating Value for a Client: We help our clients become better in what they do. We respond to their changing needs and build up a long term relationship of trust with them.
- Integrity: We serve the needs of clients honestly and with integrity, implementing reliable procedures and remaining accountable for our actions.
- Adhering to the highest quality controls: Our clients’ interests are our main priority. Fully respecting confidentiality, we handle our clients’ financial resources in the most efficient way. 
- Performance: We attract, develop and promote the most capable. We recognise and reward dedication, commitment and responsibility.
- Profitability: We work with enthusiasm and consistency to generate sustainable profitability in all sectors of our operations.

Organizational Layout

Executive Committee

Emilios Ellinas
Founder, Chairman and Managing Director
Chairman and Managing Director of Ellinas Finance PCL since December 1992.
He graduated from the Pancyprian Gymnasium in 1952. He worked at Y. Shukuroglou & Sons as head of the Insurance Department until 1964. On 1/4/1955 he founded Emilios A. Ellinas & Co which was active in the import, sale and distribution of electrical household appliances and other goods. In 1964 he also founded the company Ellinas (Insurance Agencies) Ltd which represented various British insurance companies until 1982. He was then appointed General Representative of the Cyprus public company “Philiki” as well as a member of the Board of Directors of “Philliki”.
He served as shareholder and member of the Board of Directors of the private companies, The United Five Development Company Ltd and The United Five Construction Company Ltd. In 1992 he founded Ellinas Finance Public Company Limited of which he holds the position of Chairman of the Board of Directors until today.
 
Nearchos Petrides
Executive Officer and Alternate Director
Executive Officer of Ellinas Finance PCL since June 2015.
Nearchos Petrides graduated from the Grammar School (High School) in 2006 and then obtained a Bachelor’s Degree (BSc Hons) in Finance, Accounting and Management from the University of Nottingham in the UK and the University of Nottingham in Malaysia.
In 2011 he joined KPMG Limited in Cyprus and worked for three and a half years in the Audit Department of the company. As a Senior Supervisor, he specialised in the external audit of insurance companies and credit institutions and also acquired valuable experience in auditing companies listed on the Cyprus Stock Exchange.
He achieved the title of a Chartered Accountant, and he is a member of the Institute of Chartered Accountants in England and Wales since 2015.
Since July 2016, he is Alternate Director on the Board of Directors of Ellinas Finance PCL.
In addition, he is a member of the Board of Directors of Actibond Growth Fund Public Company Limited, a company listed on the Cyprus Stock Exchange.
He is also a founding member and ex-Director of Rotaract Nicosia Ledra.
 
Constantinos Servos
Manager
Manager of Ellinas Finance PCL since January 2009.
He studied in the United States where he obtained an MBA in Economics and a BBA in Applied Finance and Investments from the Zicklin School of Business at City University of New York. He started his career in the finance sector as a risk analyst at Lyons Mortgage Bank in 2000. From February 2003 he was an external advisor on stock exchange issues for the House of Representatives and later worked at the SFS Group under the investment banking department.
On January 2009 he was appointed as a Manager of Ellinas Finance PCL, a position he holds until today. He is also the Group’s Compliance Officer for the prevention of money laundering and Compliance Officer for stock exchange issues.

Board of Directors

Emilios Ellinas
Founder, Chairman and Managing Director
Chairman and Managing Director of Ellinas Finance PCL since December 1992.
He graduated from the Pancyprian Gymnasium in 1952. He worked at Y. Shukuroglou & Sons as head of the Insurance Department until 1964. On 1/4/1955 he founded Emilios A. Ellinas & Co which was active in the import, sale and distribution of electrical household appliances and other goods. In 1964 he also founded the company Ellinas (Insurance Agencies) Ltd which represented various British insurance companies until 1982. He was then appointed General Representative of the Cyprus public company “Philiki” as well as a member of the Board of Directors of “Philliki”.
He served as shareholder and member of the Board of Directors of the private companies The United Five Development Company Ltd and The United Five Construction Company Ltd. In 1992 he founded Ellinas Finance Public Company Limited of which he holds the position of  Chairman of the Board of Directors until today.
 
Demetris Petrides
Vice Chairman and Non-independent, Non-executive Director
Vice Chairman and Director of Ellinas Finance PCL since December 1992
He holds a BSc (Hons) in Economics from Queen Mary College (University of London). From 1981 to 1983 he worked at Coopers & Lybrand and in 1983 he took over various family businesses which were involved in the production and distribution of vegetables in Cyprus and Greece.
He has been involved in the export of agricultural products since 2005 and he is a co-founder and Managing Director of J&P Fresca (Cyprus) Produce Ltd, a private company dealing with the packaging and exporting of agricultural products.
He has served as a member of the Board of Directors of various public and private companies, including Philiki Investments Ltd and Philiki Real Estate Limited. He is currently a member of the Board of Directors of Actibond Growth Fund Public Company Ltd, a company listed on the Cyprus Stock Exchange.
 
Dr Yiannis Pitsillos
Non-independent, Non-executive Director

Director of Ellinas Finance PCL since June 2003.
He studied in Australia where he obtained a Bachelor’s and Doctorate in Chemical Engineering, an MBA and a Graduate diploma in Applied Finance and Investments. He is a Fellow member of the Institute of Directors of the United Kingdom. He started his professional career in the financial sector as an analyst of public companies listed on the Australian Stock Exchange at Credit Swiss First Boston. He then worked for two years in the Chemical Engineering Department of the University of Melbourne in Australia as a researcher and lecturer.
From October 1996 to December 2015 he worked in the financial department of the SFS Group where he held various positions in research and analysis, asset management, the management of investments in shipping, real estate and property portfolios, the sectors of high risk capital and private investment funds, as well as in risk management and strategic planning. He was an Executive member of the Board of Directors of the SFS Group from 12 February 1998 to 31 December 2015.
Since January 2016, he holds the position of Managing Director of the consultancy firm Rigorous Advisors Ltd which offers consultancy services to various Public and Private Companies.
He is also a member of the Board of Directors of CyVenture Capital Public Company Limited, a Cyprus Stock Exchange listed company.
 
Costas Melanides
Independent, Non-executive Director
Director of Ellinas Finance PCL since February 2017
Studied Economics and Accounting in London. Worked for two years in accounting firms in London and Nicosia, for five years as Chief Accountant in the Hotel Industry, for thirteen years as Manager in Finance Companies, and for eight years as Head of Internal Audit in a private Group of Companies. He is a member of the Cyprus Institute of Internal Auditors and the International Institute of Internal Auditors (IIA Global), and he holds the professional title of Certified Internal Auditor (CIA).
He has been a member and Chairman of different Board of Directors of Semi-government Organizations in Cyprus, member of the Board of Directors of the Pancyprian Association of Investors, and a member of the Cyprus Commission for the Protection of Competition. Today he is the Secretary of the Board of Directors of the Pancyprian Association of Economics, member of the Boards of Directors of private companies, and the Administrative Officer of the Cyprus Institute of Internal Auditors.
 
 

Angelos Louis

Independent, Non-executive Director
Director of Ellinas Finance PCL since October 2015
Angelos Louis is the founder and Director of the RED HR Solutions.  He has more than 25 years professional management experience in Cyprus and abroad (USA, Canada and Romania) in the financial and banking sector.  Since 2013 he has worked with various companies consulting them on strategy, policies & processes and human resources.  He is a member of the Cyprus Human Resource Management Association and certified industrial relations officer of the Ministry of Labour and Social Insurance.  He holds a first degree in Business Administration and an MBA from the University of Southern California in the USA. 
 
Nearchos Petrides
Executive Officer and Alternate Director
Executive Officer of Ellinas Finance PCL since June 2015.
Nearchos Petrides graduated from the Grammar School (High School) in 2006 and then obtained a Bachelor’s Degree (BSc Hons) in Finance, Accounting and Management from the University of Nottingham in the UK and the University of Nottingham in Malaysia.
In 2011 he joined KPMG Limited in Cyprus and worked for three and a half years in the Audit Department of the company. As a Senior Supervisor, he specialised in the external audit of insurance companies and credit institutions and also acquired valuable experience in auditing companies listed on the Cyprus Stock Exchange.
He achieved the title of a Chartered Accountant, and he is a member of the Institute of Chartered Accountants in England and Wales since 2015.
Since July 2016, he is Alternate Director on the Board of Directors of Ellinas Finance PCL.
In addition, he is a member of the Board of Directors of Actibond Growth Fund Public Company Limited, a company listed on the Cyprus Stock Exchange.
He is also a founding member and ex-Director of Rotaract Nicosia Ledra.
 
Antonis Mytilineos
Alternate Director
Alternate Director of Ellinas Finance PCL since May 2016.
Antonis Mytilineos graduated from the University of Lancaster and holds a BA (Hons) in Accounting and Finance. On completing his studies in 1993, he joined Coopers & Lybrand where he was involved with the external audit of companies active in various sectors of the economy and primarily insurance, finance and commerce. In 1997 he became a member of the Institute of Chartered Accountants in England and Wales. He is also a member of the Institute of Certified Public Accountants of Cyprus as well as the Association of Corporate Treasurers of the United Kingdom.
He has worked at the SFS Group since 1999 as Shareholder Relationship Officer and Financial Director and is an alternate Director on the Board of Directors of Philippos Larkos. He is also Director of various companies of the SFS Group.

Corporate Social Responsibility

Corporate Social Responsibility (CSR) is one of the most dynamic and demanding areas of operation of modern companies. Implementation of a comprehensive CSR programme stems from an organisation’s need to balance its financial, social and environmental impact on society. The aim of the CSR programme of Ellinas Finance is to promote the values governing the operation of our company. The ultimate aim is to reward our employees, be more active in local society through a series of actions and to respect the environment in which we operate.