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 WITHDRAWS FROM MERGER WITH EFG EUROBANK. FIND OUT WHY

Alpha Bank’s board has asked shareholders to cancel the merger with EFG Eurobank because of the impact of Greece’s debt restructuring on banks. Shareholders of the two banks approved the merger in November, which would have created Greece’s largest bank, reports Mediafax. However, the bond conversion that reduced Greece’s government debt by more than €100 …

ALPHA BANK IS HIRING BRANCH MANAGER

lpha Bank is organizing a competition for the position of Branch Manager in Piatra Neamt. Those interested can send their CV and a cover letter by 27 February The ideal candidate is a graduate of a university with economic profile (postgraduate studies in the financial-banking area, business administration or risk management will be appreciated); has …

ALPHA BANK DA TONUL REDUCERII CREDITELOR IPOTECARE IN LEI

Alpha Bank Romania reduced by up to 2.25 percent the margin on mortgage loans granted in lei. For a mortgage loan in lei, the interest margin has been lowered to 4.5% above the 3-month Robor, and the minimum down payment is now 15%, compared to a minimum of 25% for a similar loan in euro. …

ALPHA BANK AND EUROBANK SHARES SUSPENDED ON ATHENS STOCK EXCHANGE

The merger of Greek groups Alpha Bank and EFG Eurobank, both with operations in Romania, could be delayed by uncertainties over losses from the Greek state’s debt relief program for private creditors, an Alpha Bank official told Reuters on Monday. Shares in their banks were suspended on the Athens stock exchange on Monday. Before the …

ALPHA BANK ROMANIA CELEBRATES 20 YEARS SINCE THE FIRST MORTGAGE LOAN IN ROMANIA

Creditul ipotecar, the banking product for Romanians who want to buy or build a home, has celebrated its 20th anniversary on the local market. In September 2001, Alpha Bank Romania announced the launch of Alpha Housing, the first mortgage loan that allowed the purchase of a house without any other guarantees than the mortgage on …

ALPHA BANK WANTS A NEW MEETING, EFG EUROBANK SAYS IT’S APPROVED

Alpha Bank has announced that it wants a new shareholders’ meeting on the merger with EFG Eurobank to be informed of the two groups’ costs of reducing Greece’s debt, but EFG says the merger has already been approved by shareholders and conditional only on the authorities’ approval.The two banks have returned with more detailed information, …