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:

https://in-cyprus.com/astrobank-deal-with-usb-bank-plc-completed/

 

 

Top Stories

‘Sailors do not need to die,’ warns captain of coronavirus-hit U.S. aircraft carrier

The captain of the U.S. aircraft carrier Theodore Roosevelt, in a blunt letter, has called on Navy leadership for stronger measures to save the...

Seven fined €150 to €450 for breaking Covid-19 decree

Famagusta district court on Tuesday handed down fines of between €150 and €450 to seven individuals for violating decrees to contain the spread of...

CBC calls for swift credit to “avoid credit crunch” due to Covid-19

The Central Bank of Cyprus in a circular issued on Tuesday called on Cypriot banks to provide swift credit to companies, self-employed persons and...

First batch of China-donated supplies arrives in Cyprus

Ambassador of China to Cyprus Huang Xingyuan has announced the arrival of the first batch of China-donated medical supplies to Cyprus. Huang Xingyuan said in...

Cyprus embassy in Madrid in contact with 30 Cypriots living in Spain

The Embassy of Cyprus in Madrid is in contact with around 30 Cypriots in Spain, mainly students as well as their families in Cyprus,...

Taste

Village olive pie

Mix the yeast with the lukewarm water and put it aside for about 12-15 minutes to settle.  Sift the flour with the salt into...

Skordalia (Garlic paste)

Rinse the potatoes and place, unpeeled, in a saucepan. Cover with water, add salt and allow to simmer for 20-30 minutes until soft. Drain,...

Village salad

A must-have with every meal is a village salad. You will find it in every tavern or greek restaurant you visit in Cyprus. Make...

Courgettes with eggs

Heat the oil in a frying pan and fry the courgettes at a medium heat until they soften. Add salt and add the eggs....