Alpha Services and Holdings S.A.

M&A Activity • Nov 3, 2025

Completion of the acquisition of AstroBank's assets and liabilities [03/11/2025]

Further to the relevant announcement of June 24, 2025, Alpha Bank S.A. announces that its indirect wholly-owned subsidiary Alpha Bank Cyprus Ltd, along with other entities of the Group of Alpha Bank S.A., completed the acquisition of substantially all of AstroBank's assets and liabilities, as well as of its personnel (the "Transaction").

Completion of the Transaction comprises the final milestone of this agreement, the key commercial and legal terms of which were announced on February 27, 2025.

The Transaction is expected to be circa 5% accretive to the Group's Earnings Per Share (EPS) on a fully phased-in synergies basis, while it has a limited impact of approximately 40 basis points on Group's Common Equity Tier (CET) 1 ratio.

The Transaction is fully aligned with the Alpha Bank S.A. Group's strategic objective of strengthening its market presence and financial position in Cyprus.