Insider
The former Minister of Finance, Mr. Michalis Sarris, took over the chairmanship of the Board of Directors of AstroBank. Mr. Sarris takes over from Dr. Shadi Karam, who has been the chairman of AstroBank since January 2017.
During Dr. Karam's five-year term, AstroBank established itself in the Cypriot market with a significant increase in its capital (€ 150 million), expanding its presence with the acquisition of USB Bank and the systematic provision of financing and flexible products.
Mr. Michalis Sarris, a renowned economist, was elected a member of the Board of Directors of AstroBank in May 2021 having extensive experience in the fields of finance and banking, having been, among others, a senior official of the World Bank and Minister of Finance of the Republic of Cyprus .
Dr. Karam contributed to AstroBank his significant experience and know-how and played a major role in shaping its strategy and future vision.
The Board of Directors of AstroBank warmly thanks Dr. Shadi Karam for his contribution to the development of the Bank throughout his successful five-year term.
