The Service of the Commission for the Protection of Competition has received a notification of a concentration by AstroΒank Public Company Limited according to Section 10 (4) of the Control of Concentrations between Enterprises Law of 2014, concerning the acquisition of the assets, liabilities and operations of the Βyblos Βank S.A.L. branch in Cyprus.
AstroΒank Public Company Limited is a credit institution that is supervised by the Central Bank of Cyprus. AstroΒank Public Company Limited is active is the provision of banking services and insurance intermediation services.
The targer of this transaction is the assets, liabilities and operations of the branch of Byblos Bank S.A.L. in Cyprus which relate to the provision of banking services.