The Greek Deal.com
ALPHA BANK
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Limen Monoprepigi IKE's investment project, which is worth over €2 million, in order to purchase and renovate an outdated hotel unit in Limni Evias.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.
Denies discussions to acquire Bank of Cyprus
Alpha Bank has refuted any talks to buy a portion of the Bank of Cyprus.
Offers from 130 investors for the bond - 76% from abroad
Alpha Bank's €500 million Tier II bond attracted bids from over 130 investors; bids totaling more than €1.5 billion, and the yield increased to 6.125% due to strong investor demand.
Bids of over €1.5 billion for the bond
Alpha Bank's recent market exit with a €500 million Tier 2 bond was met with strong demand that more than tripled the issue.
Finances investments of "Orloff Resort"
With the involvement of the Recovery and Resilience Fund (RDF), Alpha Bank moved forward with the signing of a €4.2 million loan agreement for the investment vehicle Orloff Resort to buy and renovate a modest vacation home in Spetses.
Issues Tier 2 bond and repurchases bond maturing in 2030.
Alpha Bank plans to repurchase a bond with a 2030 maturity and issue a €500 million Tier 2 bond.
Ready to finance the energy transition
Alpha Bank has increased its overall green loan targets for the three-year period 2024–2026 from €3 billion to €4.4 billion, indicating that it is prepared to finance the energy sector and support sustainability.
Profit of €211 million in the quarter - Increase of 89.9%
For the first quarter of the year, Alpha Bank reported a net profit after tax of €211.1 million, up 75% from the previous quarter and 89.9% from the previous year.