Aristidis Vourakis reveals AstroBank is going against the trend and opening a new branch

At a time when banks all over the world, including Cyprus, have been closing branches as customers embrace online banking, AstroBank is going against the trend and plans to open a new branch in Nicosia.

Speaking to reporters, AstroBank CEO Aristidis Vourakis on 21 May revealed that the new branch would be opening in the area of Dali and that, depending on public response, could be followed by other new branches.

“We currently have 14 stores divided between Nicosia and the other districts,” the CEO noted, adding that the new branch was anticipated to be opening in June.

He said the location had been chosen when studies carried out by the bank uncovered that the area was not currently serviced by any other bank, due to the closure of their branches.

Depending on customer response to the new branch, others may follow, Vourakis noted, revealing Kokkinotrimithia and the Kokkinochoria areas as potential candidates.

Vourakis, meanwhile, also said that while nothing was currently in the pipeline, the bank was always open to expansion, merger and other possibilities, as long as these would be “in the financial interests of our customers, our shareholders and the economy.”

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