The Greek Deal.com
ALPHA BANK
Adjusted profit of €666 million (+16%)
Alpha Bank Group's results for the first nine months of 2024 show strengthened dynamics in both profitability and capital adequacy, with adjusted profit after taxes amounting to €665.8 million, up 16% compared to the corresponding period of 2023 despite the impact of lower interest rates.
Deal with Unicredit for Alpha Bank Romania has been completed
Alpha Services and Holdings and UniCredit announced today that, following the approvals received from all relevant authorities and the completion of due diligence, UniCredit has acquired 90.1% of the shares of Alpha Bank Romania.
Orcel visit to Athens - How the cooperation is progressing
Vassilis Psaltis and Andrea Orcel, the CEOs of the two groups, delivered the message during the working meetings held in Athens by the management teams of the two institutions that the strategic cooperation between Alpha Bank and UniCredit ushers in a new era for their customers—and especially for entrepreneurship, including SMEs.
Boss Andrea Orcel to monitor his investment in Alpha Bank
Andrea Orcel in Athens, during one of his regular trips to closely monitor UniCredit's Alpha Bank investment.
Bid book for bond opened
Alpha Bank has opened the tender book for its Additional Tier 1 (AT1) bond, which it is issuing to raise between €300 and €400 million.
Profit €322,5 million in the first half of the year
Alpha Bank reported a net profit after tax of €322.5 million in H1 2024, up 6.6% compared to H1 2023, as a result of higher revenues as well as improved costs and provisions, which fully absorbed the impact of the accelerated resolution of the MEA portfolio.
Signing of a €16 million bond contract
Kloukinas and Lappas have signed a contract for a joint implicitly secured bond loan, amounting to €16.000.000, with Alpha Bank as payment manager and bond lender.
Lazaros Papagaryfallou appointed Deputy CEO
Alpha Bank announces the appointment of Lazaros Papagaryfallou as Deputy CEO of the Group, while Vassilis Kosmas is appointed as Chief Financial Officer and a member of the bank's Executive Committee.
Finances the investment project of over €2 million in Limni Evias
Alpha Bank and the Recovery Fund "Greece 2.0" are financing Limen Monoprepigi IKE's investment project, which is worth over €2 million, in order to purchase and renovate an outdated hotel unit in Limni Evias.
UniCredit acquires 90.1% of Alpha Bank Romania
The merger of Alpha Bank Romania with UniCredit Bank and the sale of 90.1% of Alpha Bank Romania to UniCredit were announced by Alpha Bank.
Upgrade by Moody's to investment grade with positive outlook
The long-term and short-term deposit ratings of Alpha Bank were upgraded by Moody's to "Baa3/P-3" from "Ba1/NP," with a positive outlook for long-term deposits.