MERGER BETWEEN ALPHA BANK AND EUROBANK STALLED

Unexpected difference between the Greek banks Alpha Bank and Eurobank, which engaged at the end of last year in a merger process with major impact in Romania: Alpha announced that it can no longer advance a timetable for the completion of the merger until the Greek debt situation is clarified, while Eurobank, which controls Bancpost …

ALPHA BANK CHIEF: BANKS MUST BECOME MORE AUTONOMOUS

The old banks need to become more autonomous, as they are currently dependent on external savings, Sergiu Oprescu, president of Alpha Bank, said on Friday at the conference “The new banking order and the recovery of the economy”. He added that external savings cannot be attracted if only the channel of the relationship between parent …

HOW THE EUROBANK EFG REPRESENTATIVES ARE CHEWING OUT THE ALPHA BANK REPRESENTATIVES

Eurobank EFG has taken a stand in a press release against the decision of Alpha Bank representatives to stop the merger process between the two Greek credit institutions. We present below the press document. PRESS RELEASE At a critical time for Greece and following the successful restructuring of the country’s sovereign debt, Greek banks should …

LOANS FOR MEDICAL SERVICES: BANK OFFERS

According to data from the National Institute of Statistics, in 2010, over 73% of Romanians did not go to the doctor when they needed to. The reason: the cost of a medical visit. The system’s shortcomings in this area have led to the launch of new banking products, ready to help customers, but still those …

ALPHA BANK WANTS TO BUY EMPORIKI BANK FROM CREDIT AGRICOLE

Alpha Bank is close to taking over the Greek subsidiary Emporiki Bank of the French group Credit Agricole, according to sources quoted by the Greek daily Imerisia, as reported by Kathimerini. An agreement will be signed in mid-September, after finalising the terms of the recapitalisation of the Greek banking sector, according to Mediafax. The new …

HOW BANKS SHARE THE INTERNET BANKING MARKET

The year 2011 proved to be extremely good for banks’ activity in the Internet Banking segment. Almost all the credit institutions that were the subject of the market study “Top banks on Internet Banking in 2011” have recorded significant growth in the field, confirming that banking operations performed in front of the computer are no …

ALPHA BANK OFFERS PRIZES OF 100 LEI TO CUSTOMERS WHO RECOMMEND CREDIT CARDS

Alpha Bank Romania is launching a new promotional campaign Member Get Member that can bring to the bank’s customers who own a MasterCard credit card prizes of 100 lei by simply recommending a friend to successfully apply for a MasterCard. The campaign also offers advantages to recommended persons, who benefit from zero issuing fee and …

ALPHA BANK AND SYMPHOPAY COMPLETE INTEGRATION OF INSTALMENT AND LOYALTY PROGRAMMES

Alpha Bank and fintech Symphopay have completed the integration of the Alpha Shop instalment and loyalty programmes with the Symphopay payments platform, with the solution already implemented at major retailers such as eMAG and Intersport. Merchants now have access to a platform that integrates POS payments with loyalty programs and increases sales while eliminating processing …