Cyprus Business Now: Alpha Bank, maritime sector, retail, BoC, worker poverty

Alpha Bank on Monday announced that it has completed the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd.

This has resulted in the creation of  Cyprus’ third-largest bank , with  total assets exceeding €6.6 billion .

The transaction was carried out through Alpha Bank Cyprus Ltd and other Alpha Bank Group entities, following the receipt of all required regulatory approvals.

The transfer was executed in accordance