ALPHA
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UniCredit Completes Alpha Bank Romania Acquisition
UniCredit S.p.A. (“UniCredit”) and Alpha Services and Holdings S.A. (“Alpha”) announce that after securing all the necessary approvals from the relevant authorities and completing the due diligence process, UniCredit has bought from Alpha International Holding...
Alpha Bank Sells Mall Plot in Timisoara
Timisoara Centrum, a mall project valued at EUR90 million and announced by Alpha Group Investments and Ali Ergun Ergen in the spring of 2016, was canceled and Alpha Bank sold the 60,000 squa...
Romania, Jittery As It Awaits Greek Government’s EUR18B Injection Into Banks
The strong local presence of Greek-held banks raises tough questions for Romania. Who will be able to replace the financing and how will they do it? The Greek banks are awaiting impatiently...
Greek Banks Have Fewer Loans In Their Balance Sheets, Deposits Are EUR1B Lower
The slimmer balance sheets, the decline of loan sales and implicitly of banks’ revenues forced Greek banks to close down tens of units and fire several hundred employees.
Alpha Bank, Raiffeisen Extend Credit Granted To Romanian Titan
Lenders Alpha Bank and Raiffeisen Bank Romania extended two credit facilities worth 25 million lei (EUR5.76 million) and EUR18 million respectively, contracted by bread maker and miller Tita...
Alpha And Bancpost Prepare For Merger
Greek-held Alpha and Bancpost are getting ready for the merger that will create the third largest bank on the market with a loan portfolio that is about EUR220 million lighter, and 10% lower...
First Unofficial Meeting Of Alpha And Bancpost Bosses Over Merger
Sergiu Oprescu, executive president of Alpha Bank, and Peter Weiss, executive president of Bancpost, had a private meeting scheduled for Monday evening to unofficially discuss the domestic i...
Bad Loans Hurt Alpha And Bancpost Portfolios
Bad loans are still pounding the domestic subsidiaries of Greek groups Alpha Bank and EFF Eurobank, with the two setting up loan loss provisions of above EUR80 million in the first six month...
Top Ten Romanian Banks After 1H
The banking system is still digesting the fallout of the crisis almost three years after it started and the largest ten banks, which control almost 80% of the overall banking assets, are see...