AstroBank: No agreement reached with cdbbank
10:15 - 08 November 2023
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)
News Feed
12 hours, 43 minutes ago Current Affairs
Former Deputy Minister appointed to EIT Governing Board16 hours, 16 minutes ago Companies
CPI Holdings Plc announces definitive agreement for the acquisition of SCSS Fund Management Ltd16 hours, 36 minutes ago Economy
33East’s Demetrios Zoppos: We expect to start Cyprus Equity Fund operations in the Autumn16 hours, 54 minutes ago Current Affairs
President discussing "three to four Commissioner portfolios" with von der Leyen17 hours, 53 minutes ago Financial Services
Total deposits show decrease, loans up in June17 hours, 57 minutes ago Economy
Electricity market to open in July 2025, Energy Minister reveals18 hours, 19 minutes ago Companies
The deadline is almost here: Submit your nominations now for the CBN Young Dragon Awards!