Kostas Kleanthous to Acquire Majority Stake in Ancoria Bank
April 30, 2025
There is activity in the banking sector with Kostas Kleanthous agreeing to acquire over 50% of Ancoria Bank, making him the major shareholder. The bank has three main branches and shows increasing overall profits and loans. The final decision on the agreement will belong to the Central Bank, which will approve the change in the ownership structure. Recent financial reports indicate stable growth of the banking institution.