Financial Services category powered by

AstroBank: No agreement reached with cdbbank

AstroBank has announced that no agreement has been reached in connection to its acquisition of cdbbank.

Following an announcement by AstroBank Public Company Limited on 11 September regarding the possible acquisition of Cyprus Development Bank Public Company Limited (cdbbank), AstroBank on 7 November announced that no agreement had been reached.

As stated in the relevant announcement, AstroBank remains committed to its business plan, which over the past three years has led to significant operational improvements, quality customer service, and improved profitability.

As part of its strategy, AstroBank will continue to look at inorganic growth opportunities, the announcement said.

(Source: InBusinessNews)

Read More

Cyprus' excess liquidity shrinks sharply amid Eurosystem policy normalisation
AstroBank’s Charis Kynigou discusses merger with Alpha Bank
CBC keeps countercyclical capital buffer rate at 1.5%
eToro’s Avi Sela on how the fintech company’s IPO opened the way for others to go public
Alpha Bank: The price for the acquisition of AstroBank is 'no less than €205 million'
Agreement signed for sale of AstroBank to Alpha Bank Group
Hellenic Bank and Eurobank Cyprus becoming one and reshaping the banking map
EBF CEO warns €1 trillion in frozen capital risks undermining EU Goals
Aristidis Vourakis: Deutsche Bank considering return to Cyprus
Makis Keravnos: The Cypriot banking system is back on a healthy trajectory