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‘Astrobank will continue acquisition efforts’ — Chairman Shadi Karam
January 6, 2021
An interview with Astrobank chair of the board Shadi Karam
In less than five years, since AstroBank took over Piraeus Bank Cyprus in 2016, the bank has elevated its role as a key player in financial services here. The bank has seen rapid organic growth, and has consolidated its acquisition of USB bank in 2019. Today, Astrobank has 16 branches and business entities around Cyprus.
But like many banks in Cyprus and around the world, 2020 was a unique year for AstroBank as it faced the pandemic and the resulting slow economy in Cyprus. Last August Astrobank also saw the departure of the lender’s CEO Constantinos Loizides and his replacement by Aristidis Vourakis.