Acquisition Agreement

The legal transfer is expected to be completed within the coming months. Until then, no changes are expected. The full operational integration will take place during 2026, with all stages designed to ensure a smooth and secure experience. You will receive timely updates, including direct communications, to clearly guide you through any required actions.

The acquisition of AstroBank is a strategic expansion move by Alpha Bank Cyprus, aimed at enhancing its market share and establishing it as a stronger and more competitive banking institution within the Cypriot banking sector. Through this transaction, Alpha Bank Cyprus will significantly broaden its customer base and solidify its position as the third-largest bank in Cyprus.

Alpha Bank Cyprus Ltd is a licensed financial institution in Cyprus, offering a comprehensive range of banking products and services. The acquisition of AstroBank’s operations is fully aligned with Alpha Bank Group’s strategic objective to strengthen its market presence and financial position in Cyprus, with the ultimate goal of fostering growth and reaffirming its long-term commitment to the Cypriot economy.

No. This is a transfer of business activity, not a legal merger. Alpha Bank Cyprus will become the sole legal owner of the transferred banking operations.

No. All systems and services will continue to function smoothly and without disruption. Specialised transition teams are in place to ensure an uninterrupted and seamless experience for customers.

There is no change in the way you conduct your banking transactions. Your accounts, cards, loans, and digital services continue to operate normally. 

No action is required from you at this stage. Should there be any changes in the future, we will inform you in advance and provide clear guidance on your options and next steps.

You will receive updates through our official communication channels (e.g. notifications via web/mobile banking, letters, SMS, branch announcements, or our website). We strive for full transparency throughout the process to ensure a smooth transition.

You may contact your Relationship Manager, visit any AstroBank Cyprus branch, or call the Customer Service Line at  Customer Service Line at our Call Centre at 800 11 800 or if abroad at +357 575555. We are here to support you every step of the way.

If you are a customer of both banks and hold accounts, loans, or cards, you may continue using your services as usual. Your banking relationships with Alpha Bank Cyprus and AstroBank currently remain separate and unaffected. Any changes will only take place after the completion of the legal process and in full compliance with applicable laws and regulations.

No. Your existing credit facilities with Alpha Bank Cyprus and AstroBank will remain as they are, under their current terms. After the system integration, there will be no consolidation of your loans or credit cards. Any future consolidation options will be communicated to you and will only proceed with your consent. Any changes will take place only after the legal transfer is completed and in full compliance with applicable laws and regulations.

Yes, for now you will continue using the separate platforms, cards, and services of Alpha Bank Cyprus and AstroBank. Following the transfer, Alpha Bank Cyprus may explore service unification to enhance customer convenience. Any updates or required actions will be clearly communicated to you in advance. All changes will take place only after the legal completion of the transaction and in full compliance with applicable laws and regulations.