AstroBank

What AstroBank does

AstroBank Public Company Ltd was a Cypriot banking institution headquartered in Nicosia, Cyprus, that offered a full suite of retail and commercial banking products and services to domestic and international clients. Its core offerings spanned deposit accounts (savings, term, and current accounts in multiple currencies), lending products (housing, consumer, business, and auto loans), credit and debit cards (including co-branded Mastercard Miles & More and Privilege cards), wealth management, and international banking services. The bank served three primary customer segments — retail individuals, SMEs and corporate clients, and international/non-resident clients — distributed through a hybrid of physical branches, ATMs, online banking, and a mobile platform.

The underlying technology stack centered on a digital banking platform with online and mobile banking capabilities, supported by an ATM network. Following acquisition, operations were integrated into Alpha Bank Cyprus's broader Alpha 360 ecosystem, which includes Alpha 360 Web, Alpha 360 Mobile, Alpha 360 ATM, and open banking infrastructure via Alpha 360 API and Alpha 360 B2B API, with integrations to digital wallets (Apple Pay, Google Pay, Garmin Pay, Xiaomi Pay), JCC payments (covering 1,000+ Cypriot organizations), SEPA Instant, and SWIFT. The bank monetized primarily through net interest income on lending products, fee and commission income from cards and transaction services, and deposit-taking, operating as a traditional spread-based retail and commercial bank.

In November 2025, Alpha Bank Cyprus completed the acquisition of AstroBank, creating Cyprus' third-largest bank with combined assets exceeding €6.6 billion and growing Alpha Bank Cyprus's market share from approximately 3% to 10%. AstroBank contributed €2.2 billion in deposits to the combined entity. The bank surrendered its banking license, and its non-performing loan portfolio was divested to doValue Cyprus. Former AstroBank customers continue to be served under an "Ex-AstroBank" sub-brand within Alpha Bank Cyprus, retaining legacy products including Day2Day, Youth, Platinum, Miles & More, and Privilege cards.

Name

AstroBank

Legal name

AstroBank Public Company Ltd.

Website

https://astrobank.com

Company type

Private

Founded year

2015

Operating status

Acquired

Headcount range

501–1,000 employees

Short description

AstroBank was a Cypriot banking institution offering retail, commercial, and international banking services across deposit, lending, card, and wealth management products. It was acquired by Alpha Bank Cyprus in November 2025, ceasing independent operations.

Ownership category

akta.pro rank

Product category

Retail and Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Retail banking services
• Commercial banking loans
• Mortgage lending
• Consumer credit cards
• International banking services

Headquarters

HQ city

Nicosia

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Net Interest Income: Interest earned on loans and credit facilities including housing loans, consumer loans, and business loans
2. Fee and Commission Income: Fees from banking services, card transactions, and wealth management
3. Deposit Taking: Interest paid to depositors on savings accounts, term deposits, and current accounts

Distribution channels4 records

Marketing channels3 records

Core offering

AstroBank provided a full range of retail and commercial banking services in Cyprus, including deposit accounts (savings, term deposits, foreign currency), credit and debit cards (including co-branded Mastercard Miles & More and Privilege cards), housing loans, consumer loans, business loans and overdrafts, wealth management, insurance products, and international banking services. Following its November 2025 acquisition by Alpha Bank Cyprus, AstroBank's banking operations were absorbed and its products continue to be serviced under the Ex-AstroBank brand.

Product overview

AstroBank was a Cypriot banking institution that was acquired by Alpha Bank Cyprus in November 2025, becoming Cyprus' third-largest bank with assets exceeding €6.6 billion. The combined entity offers a comprehensive digital banking ecosystem built around the Alpha 360 platform (Web, Mobile, ATM), supported by open banking APIs (Alpha 360 API, Alpha 360 B2B API). The product portfolio includes retail and business deposit accounts, credit and debit cards (including World Elite, Platinum, Gold tiers), personal and mortgage loans, insurance products, and wealth management services. Former AstroBank customers now access their products under the Ex-AstroBank branding, including Day2Day, Youth, Platinum, Miles & More, and Privilege cards. Digital banking is enhanced through digital wallet integrations (Apple Pay, Google Pay, Garmin Pay, Xiaomi Pay), instant payment capabilities (SEPA Instant, SWIFT), and secure authentication services (Alpha SecureCode).

Differentiator

Problem solved

Functional benefit

Products and services

• Deposit Accounts (savings, term deposits, current accounts, foreign currency accounts) Retail and corporate deposit products including savings accounts, notice accounts, term deposits, and foreign currency accounts offered to Cypriot individuals, businesses, and international clients.
• Ex-AstroBank Miles & More Credit Card Co-branded Mastercard credit card earning Miles & More frequent flyer loyalty points redeemable for flights and travel services, issued to AstroBank customers and continued for former AstroBank customers.
• Ex-AstroBank Privilege Credit Card Premium co-branded Mastercard credit card offering exclusive privileges, travel insurance, and enhanced benefits for high-value retail customers from former AstroBank operations.
• Ex-AstroBank Day2Day Debit Card Everyday debit card with global Mastercard acceptance for routine banking transactions, continued for former AstroBank retail customers after the acquisition.
• Ex-AstroBank Youth Card Debit card targeted at customers aged 12-26, offering age-appropriate banking features and benefits, continued for former AstroBank youth customers.
• Ex-AstroBank Platinum Card Premium-tier debit card with enhanced features and higher transaction limits, continued for former AstroBank customers after the acquisition.
• Housing Loans (Mortgage) Mortgage lending product for residential property purchases offered to retail customers with extended repayment terms and grace periods.
• Personal Loans (Consumer Loans) Unsecured personal loans for individual customers covering debt consolidation, home improvements, and major purchases.
• Auto Loans Vehicle financing loans for new and used automobile purchases offered to retail customers at competitive interest rates.
• Student Loans Education financing loans for students to cover tuition and living expenses during their studies.
• Business Loans and Commercial Mortgages Commercial lending products including business loans, commercial mortgages, equipment financing, and overdraft facilities for Cypriot SMEs and corporate customers.
• International Banking Services (Foreign Currency Accounts and Cross-Border Payments) International banking services for non-resident and overseas clients including foreign currency accounts, foreign currency term deposits, SWIFT international wire transfers, and SEPA Instant euro transfers.
• Ex-Astro e-Banking Online Platform Online and mobile banking platform enabling customers to access accounts, perform transactions, manage payments, and conduct digital banking from desktop or mobile devices.
• Wealth Management and Investment Services Wealth management and investment services including mutual funds and related investment products for retail and high-net-worth clients in Cyprus.
• Insurance Products (Life, Property, Travel) Bancassurance offerings distributed through the bank including life and protection insurance, home fire insurance, property and contents coverage, vehicle insurance, and travel insurance.

Quantifiable outcome

• AstroBank acquisition enabled Alpha Bank Cyprus to grow market share from ~3% to 10%

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Atlantic Insurance Company Public LtdminorOthers · 16 October 2025AstroBank Public Company Ltd decreased its stake in Atlantic Insurance Company Public Ltd from 5.23% to 4.85% as announced on October 16, 2025, indicating a partial divestment rather than an active partnership.
• MastercardcoreTechnology or IntegrationAstroBank issued co-branded Mastercard credit cards including Miles & More and Privilege cards, utilizing Mastercard payment infrastructure for card processing and services.
• Alpha Bank CypruscoreStrategic or Co-development PartnerAlpha Bank Cyprus acquired AstroBank Public Company Ltd's banking operations, making Alpha Bank Cyprus the third-largest bank in Cyprus with assets exceeding €6.6 billion. This strategic acquisition was completed in November 2025.

Scale indicators4 records

Recent moves6 records

Expansion highlights3 records

Direct peers

• Hellenic Bank: One of the two largest systemic Cypriot banks and AstroBank's most direct domestic competitor; operates a similar retail/commercial banking model across Cyprus with overlapping products (deposits, mortgage/consumer loans, cards).

Broad incumbents

• Bank of Cyprus: Largest Cypriot bank and dominant incumbent across retail, SME, and wealth segments; comparable to AstroBank in product breadth but materially larger in scale and market share.
• Alpha Bank Cyprus: Acquirer of AstroBank and now the operator of the ex-AstroBank franchise; a Cypriot subsidiary of Alpha Services and Holdings offering the same retail/commercial banking suite plus the Alpha 360 digital platform that absorbed AstroBank's customers.
• Eurobank Cyprus (Eurobank Ergasias Group): Cypriot arm of a major Greek banking group with comparable retail/SME lending and deposit products; competes in the same Cypriot market segments as AstroBank.
• Piraeus Bank Cyprus: Cypriot subsidiary of Piraeus Financial Holdings; another Greek-headquartered bank operating a similar retail/commercial franchise in Cyprus.
• Alpha Services and Holdings (Alpha Bank Greece): Parent of the acquirer and a Greek systemic bank; comparable to AstroBank as a regional commercial bank with international/non-resident banking services.

Regional players

• RCB Bank (Russian Commercial Bank Cyprus): Cypriot bank historically focused on non-resident and international banking; closely comparable to AstroBank's international clients segment and foreign-currency deposit offering.
• Société Générale Cyprus: Cypriot subsidiary of a global European banking group with a comparable retail and corporate banking presence in Cyprus.

Others

• doValue Cyprus: Not a direct banking competitor but a Cypriot NPL servicer that acquired AstroBank's distressed loan portfolio; relevant ecosystem participant because it absorbed AstroBank's credit risk tail.
• Atlantic Insurance Company Public Ltd: Cypriot insurer in which AstroBank held a minority equity stake (4.85% post-October 2025); not a banking peer but a directly tied portfolio company of AstroBank.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• Facebookfacebook.com/alphabankcyprus
• LinkedInlinkedin.com/company/alpha-bank-cyprus/?viewAsMember=true
• Instagraminstagram.com/alphabankcyprus

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AstroBank