Insider Business Constantinos Loizides is Astrobank’s new CEO

Constantinos Loizides is Astrobank’s new CEO

Astrobank’s management pyramid has undergone significant changes over the recent days with Constantinos Loizides who first returned to the bank’s executive team as chairman now also undertaking the CEO position.

Former CEO George Appios will now serve as executive director and deputy chief executive officer, Marios Savvides as executive director and Neoclis Neocleous as General Manager.

Andreas Theodorides, formerly CEO of USB bank which has been absorbed by Astrobank, is the new addition to the pyramid’s top. He is now executive director of the newly set-up internal red loan management unit.

Loizides was Chairman and Managing Director of Piraeus Bank (Cyprus) Ltd and former Chief Executive Officer of Piraeus Bank, Egypt. In September 2011, he was also appointed member of Piraeus Bank Group Executive Committee and as Head of Corporate Development of the Group.

The changes come at a time when Astrobank is in the process of incorporating USB Bank, which it has recently taken over, but also amidst consultations on the possible acquisition of the National Bank of Greece in Cyprus.


Read more:



Top Stories

Cyprus hoteliers want tourism deal with Israel to come in effect earlier due to Passover

With Jewish Passover this year celebrated between March 27 and April 4 Cyprus hoteliers want the government to speed up the implementation of a...

Cabinet meets Thursday to take final decisions on gradual easing of lockdown

Cabinet meets on Thursday morning to take final decisions on the easing of the Mediterranean island’s coronavirus lockdown. At the same time, Health Minister Constantinos...

Turkish court convicts executive, two jet pilots in Ghosn escape trial

A Turkish court convicted an executive of Turkish jet company MNG and two pilots for migrant smuggling over their role in flying former Nissan...

Clashes during a demonstration in solidarity with Dimitris Koufodinas

Greek police fired tear gas, stun grenades and water cannon to disperse dozens of protesters who rallied in central Athens on Wednesday in solidarity...

Sheep Baarack is seen before his thick wool was shorn

Sheep Baarack is seen before his thick wool was shorn in Lancefield, Victoria, Australia.


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...