Creation of the third largest bank in Cyprus through AstroBank - Alpha Bank agreement
June 24, 2025
AstroBank has announced the signing of an agreement to sell its banking assets to Alpha Bank Cyprus, resulting in the creation of the third largest bank in Cyprus. This merger is expected to be completed by the fourth quarter of 2025 and recognizes AstroBank's developmental progress. The new bank will provide enhanced services to customers and have a stronger financial base. The CEO of AstroBank stated that this agreement is significant for both the bank and the Cypriot economy as a whole.