Alpha Bank

Alpha Bank to expand further in Romania

Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg,

The two CEOs, who have created the third-largest bank in Romania, said they believe in Romania's prospects and see plenty of value there.

Profits increase for Greek banks Alpha and Piraeus

Alpha Bank and Piraeus Bank on Friday reported a jump in profits for the first nine months of 2023, as higher rates boosted net interest income and bad loans declined.

Alpha Bank, Greece's fourth-largest lender by market value, reported net earnings of 491 million euros, up 59% from the first nine months of 2022.

Greece’s HFSF launches process to sell 9% stake in Alpha Bank

Greece's state-controlled bank bailout fund HFSF said on Monday it had launched a process to sell its 9% stake in Alpha Bank.

The Hellenic Financial Stability Fund (HFSF) last week received an offer from Unicredit for the stake as part of the Italian lender's plan to become Alpha Bank's biggest investor.