Piraeus Bank Cyprus Changed its Name and Brand to AstroBank
March 2017
Piraeus Bank Cyprus, at a special event held on 29 March 2017 and in the presence of Minister of Finance Harris Georgiades, unveiled its new name and brand ……AstroBank.
Piraeus Bank Cyprus was acquired last December by new international investors led by Mr. Maurice Sehnaoui, a Lebanese banker with strong international exposure. This move shows great confidence in the Bank itself but also in Cyprus, its economy and its friendly business environment. An environment that other international investors can also invest in, move their businesses to or form new companies to benefit from the tax and other significant advantages that Cyprus offers.
Our Group has been doing business with Piraeus Bank Cyprus for many years for the opening of both personal and corporate bank accounts for our international clientele. During these years, Piraeus Bank has proved to be one of Cyprus’ most stable and strongest banks, especially during the recent economic crisis. With this move the new investors and owners will transform the bank into Cyprus’ newest, most dynamic player in the local banking scene. The new team will bring to the bank more international experience to enhance the local knowhow and lead the bank forward with a more dynamic growth.
This move will benefit our existing clientele that already use the bank even more as the bank will be in a position to offer them more competitive products and services to meet their financial needs. Furthermore, this move is a sign for new investors and parties to trust Cyprus, its economy and its banking system and to move their businesses or set up new companies for their international operations and take advantage of the many tax and other benefits that Cyprus offers.
Contact our team to initiate the Cyprus Company Formation and start reaping the full benefits of an onshore, low-tax, EU jurisdiction. Simply fill in the contact box below or contact us by email on enquiries@fbscyprus.com
2nd Floor
BIONIC Building
3, Diomedous Street, Strovolos
2024 Nicosia
CYPRUS