Piraeus Bank Cyprus has finally unveiled its new company name and brand identity as AstroBank! The announcement was made during an event this week attended by several heads of state, including Finance Minister Mr Harris Georgiades.
Piraeus Bank Cyprus was acquired by a group of international investors in late last year, led by Mr Maurice Sehnaoui, a former Energy Minister for Lebanon. The acquisition said to be a sign of assurance in both the bank and the growing Cyprus economy as a business-friendly environment. The Piraeus Bank Group will retain a 17.6% shareholding of the new bank.