UniCredit
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.
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Alpha stake is sold, NBG’s is up next now
The Hellenic Financial Stability Fund (HFSF) on Monday announced that it has agreed to sell its entire stake in Alpha and has started the process for that in National Bank.
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Greece starts process to sell 20% stake in National Bank
Greece on Monday announced plans to sell a 20% stake in the National Bank of Greece (NBG) after concluding the sale of a 9% stake in Alpha Bank to UniCredit as it looks to divest from the country's lenders.
HFSF seeks best possible bids for NBG and Alpha stakes
Bank bailout fund (HFSF) executives have been working on two fronts.
Over the weekend they sought that UniCredit improve its offer for 8.9% of Alpha Bank, as the competitive process was completed last Friday without another offer submitted.
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.
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Greek banks and foreign investors
Alpha Bank's deal with Italy's second largest bank, UniCredit, was a touch of optimism in the gloomy environment of very low expectations that currently dominates the Greek economy.
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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.
Alpha: Better late than never
In mid-2000, Greece had just become the 12th member of the Economic and Monetary Union. For a long time, several European bankers were counting the opportunities and capital gains that could be hidden in the Greek banking system.
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ATHEX: Alpha cheer spreads at local bourse
Tuesday's session at Athinon Avenue was a one-stock show as it was the first day of trading for Alpha Bank after the major proposal tabled by UniCredit for the Greek lender's stake that bank bailout fund HFSF holds, and the merger of the Italian bank's operations in Romania with those of Alpha. As a result Alpha jumped 12.44%, while most other local stocks registered gains too.
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UniCredit invests in Alpha
Italian group UniCredit is proceeding to establish a strategic partnership with Alpha Bank, submitting a proposal to acquire the 9% stake held by bank rescue fund HFSF in the lender.
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