Mr. Michalis Sarris becomes new Chairman of AstroBank

Mr. Michalis Sarris, former Finance Minister, has been appointed Chairman of AstroBank’s Board of Directors.  Mr Sarris succeeds Dr. Shadi Karam, who served as AstroBank’s Chairman for the past five years since January 2017.

AstroBank since 2017 has established itself in the Cypriot market through significant share capital strengthening of €150m, by expanding its presence through the acquisition of former USB, and by consistently offering financing and flexible products available to the Cyprus market.  Mr Sarris, a renowned economist was elected to AstroBank’s Board of Directors in May 2021 and brings significant experience in banking and finance, having served, among others, as a senior executive of the World Bank and as Minister of Finance of the Republic of Cyprus in 2005-2008.

Dr. Karam has brought to the Bank his vast experience and expertise and has played a decisive role in shaping the strategic thinking and forward-looking vision to the Bank.  AstroBank’s Board of Directors would like to wholeheartedly thank Dr. Shadi Karam for his contribution to the Bank’s development throughout his successful 5-year term.

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