Alpha Bank says looking into acquisition of Citi's local ops

Greece's fourth-largest lender Alpha Bank said on Friday it is looking into business proposals, including the possible acquisition of the operations of Citibank in Greece.

"In the context of implementing the business plan and taking into account the interest of its shareholders, the bank periodically looks into proposals that serve the plan," Alpha said in response to press reports that it was very close to clinching a deal to buy the local operations of Citibank.

[Reuters]