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

France recalls ambassador to Ankara over Erdogan comments

  France condemned Turkish President Recep Tayyip Erdoğan’s remarks questioning the mental health of President Macron and recalled its ambassador to Ankara for consultations. The French...

130 cases today, most from private initiative-28 patients in hospital

  One hundred and thirty new Covid-19 cases were announced today, out of 4 thousand 285 tests, taking the total number of confirmed patients to...

Greece approaches four-digit covid cases, 935 today

  The second coronavirus wave is climaxing in Greece as it recorded 935 cases today, the highest number since the second wave begun gathering pace...

Erdogan says Macron needs ‘mental treatment’ over attitude to Muslims

  Turkish President Tayyip Erdogan launched yet another scathing tirade of insults on his French counterpart Emmanuel Macron, saying he needed mental treatment over his...

We are independent, Michaelides tells AG over golden passports

  We are not under anyone's custodianship, the Auditor General Odysseas Michaelides told Attorney General Yiorgos Savvides, who earlier called on his office to stay...

Taste

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...

Mezedes

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...