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New Deal


Announced

AstroBank to acquire the Cypriot operations of National Bank of Greece.

Synopsis

AstroBank, a Cyprus registered bank, agreed to acquire the Cypriot operations of National Bank of Greece, a global banking and financial services company. Financial terms were not disclosed. The transaction is expected to have a positive impact on NBG’s CET1 ratio. Closing of the transaction is subject to approval from the Central Bank of Cyprus and the Commission for the Protection of Competition in Cyprus.

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