The holding comprises Alpha Bank Romania, Alpha Bank Cyprus and Alpha Bank Albania and is 100% owned by Alpha Bank Greece Group.

“This transfer consolidates further the corporate governance structure existing for the international companies of the Group, which remain under the supervision of Sergiu Oprescu, as president of the new holding and general manager of the international network of Alpha Bank Group,” Alpha Bank said Thursday morning.

This project received all regulatory approvals

Sergiu Oprescu is aged 56 and started to work for Alpha Bank Grecia in the early 1990s. Oprescu became CEO of Alpha Bank Romania in 2007. Currently, Oprescu also holds the position of Chairman of the Executive Board of the Romanian Banking Association (ARB).

Alpha Bank Greece is the first foreign banking group that opened a bank in Romania after the 1990s, respectively Banca Bucuresti 1994-1995.