Greece

Greece's Alpha Astika Akinita, an Alpha Bank subsidiary, said it has sold its Serbian subsidiary Alpha Real Estate to Mat Real Estate for 8.4 million euros ($9.9 million). The transaction was carried out on November 28, Alpha Astika Akinita, a...

A gradual return of confidence in the Greek economy following the completion of the second review is becoming increasingly apparent, according to a report by Alpha Bank economic analysts on Saturday. This returning confidence was reflected in the improvement...

Alpha Bank announced on Wednesday the launch of a procedure to sell a majority stake (around 97.3%) in the equity capital of Ionian Hotel Enterprises SA, owner and manager of Hilton Athens hotel. In an announcement, Alpha Bank said the procedure...

Credit Agricole, the French bank giant which ended its commercial presence in Greece around three years ago when it sold Emporiki Bank to Alpha Bank, is returning to Greece, this time as a major shareholder in Alpha Bank. Alpha Bank,...

Eurobank, one of Greece's biggest banks, will take over the business of another major Greek bank, Alpha Bank, in the neighboring Balkan country of Bulgaria. Eurobank's subsidiary, Postbank, will buy the Bulgarian branches of Alpha Bank's subsidiary, Alpha Bank Bulgaria. Postbank will reportedly take...

Alpha Web Banking will operate with limited functionality during the weekend 27 – 28 June 2015. This is the announcement of the Greek bank, that came interestingly on the same day that Greek Prime Minister Alexis Tipras called for...

According to market estimates, Alpha Bank and Piraeus Bank passed their stress tests with ease. These estimates remain to be confirmed by an official statement, to be released on Sunday. Earlier today, Reuters reported that Alpha Bank has passed the stress...

Bloomberg News Agency reported today that Alpha Bank will soon announce the agreement for the sale of Athens's Hilton Hotel, currently the property of Ionian Hotel Enterprises, an Alpha Bank subsidiary. According to Bloomberg, Oaktree Capital Group LLC and Jermyn...

Greece's fourth-biggest bank, Alpha Bank, announced on Monday that approximately 21% of its 10,000 employees will enter a voluntary exit plan that was launched last month, aiming to cut costs. Alpha Bank's target is to cut 15% to 20% of its workforce in order to...

Citi Greece on Friday announced the signing of an agreement to sell its retail banking services to Greek bank, Alpha Bank, including its Diners Club Greece branch. This deal includes 480,000 clients and gross assets worth 600 million US dollars...

Yannis Kostopoulos announced on Thursday his resignation as chairman of Alpha Bank, one of Greece's four systemic banks. His resignation is expected to be accepted at the scheduled meeting of the Board of Directors of the Bank.  He would be succeeded by...

Alpha Bank A.E. said it has enough demand for all its stock as the Greek lender joined Piraeus Bank SA in selling 3 billion euros ($4.2 billion) in shares to bolster capital. Alpha Bank will price the sale at 65...

In relation to ongoing negotiations, Greek Alpha Bank has criticized the Troika for not giving the green light to the next tranche of funds. “Two of the most striking developments in the Greek Economy for 2013 were the successful reformation and...

Greece's Alpha Bank says it has raised enough capital to avoid being nationalized, the first Greek bank to meet that target. The country's third-largest lender by assets said Monday that foreign investors contributed significantly to its rights issue and private...

Despite a law that says no private banker can be paid more than the head of the National Bank of Greece, eight executives at Alpha Bank, the country's third largest lender, were paid above the legal maximum permissible for...