Astrobank’s CDB takeover collapses

AstroBank announced that negotiations to take over the Cyprus Development Bank (CDB) have fallen through. The island’s fourth-largest lender had set out earlier in September to acquire CDB in a bid to

AstroBank completes staff downsizing

AstroBank has completed its staff restructuring plan after the second phase of a voluntary exit scheme, reducing the total number of employees at the bank to the targeted 400. The fourth largest

AstroBank returns to profit

AstroBank posted a net profit of €3.3 mln in 2021 and €18 million before provisions, against a net loss of €18.1 mln in 2020. The bank attributes its profitability to the new,