Alpha Bank Cyprus is shaping the new banking landscape, decisively strengthening the country's economy and establishing itself as a rising banking power in Cyprus. At an event held at the Four Seasons Hotel in Limassol, attended by members of the business community, Alpha Bank Cyprus presented its strategy for the future, confirming its dynamic trajectory with initiatives that solidify its position as a leading force in the country’s banking sector.

The event was attended by the Management of the Alpha Bank Group, the Board of Directors of Alpha Bank Cyprus, and senior executives from the Bank’s Wholesale, Retail, Wealth, and International divisions. They engaged with the business community, exchanged ideas, and explored ways to strengthen collaborations, aiming to contribute to the development of the Cypriot economy.

The event highlighted the strong momentum Alpha Bank Cyprus has gained following 18 months of intensive transformation. In his speech, the CEO of Alpha Bank Cyprus, Mr. Miltos Michaelas, emphasized that the Bank has now laid strong foundations for a new era of growth, with its focused and methodical work yielding tangible results. He notably stated that with this renewed momentum, "we are investing in innovation, customer service, and building strong partnerships with the business world. Alpha Bank Cyprus is not just a bank. It is a strategic partner, an ally standing beside businesses and individuals, offering innovative solutions and support at every step of their financial development."

Referring to the acquisition of AstroBank, Mr. Michaelas pointed out that it represents a milestone move for Alpha Bank Cyprus. Upon its completion, expected in the fourth quarter of 2025, Alpha Bank Cyprus will become the third-largest bank in the country, with a market share of approximately 10%. The Bank anticipates a 60% increase in its loan portfolio, a 70% increase in deposits, and a 65% rise in total assets.

"This is a strategic move that positions Alpha Bank Cyprus as a key player in the market, enhancing our financial footprint and creating even greater value for our customers," Mr. Michaelas noted.

On the occasion of the event, Alpha Bank Group CEO Mr. Vassilis Psaltis commented, “The transformation taking place is not just about strengthening Alpha Bank Cyprus—it reflects our ambition to drive momentum for the Cypriot economy itself. We are here to support businesses in realizing their full potential. We are here to help households secure their financial future and fulfill their dreams. We are here to contribute to shaping a more dynamic and resilient economy.”