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Alpha Bank net profits at 704 mln in 9M, commission income jumps 14 pct YoY
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NBG net profit nears 1 bln up to Sep, commision income rises 7.6 pct to 336 mln
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Piraeus Bank profits at 815 mln in 9M, fees income at 489 mln
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Eurobank net profits exceed 1 bln up to Sep, commissions jump 24 pct YoY to 557.2 mln
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Alpha Bank's net profit at 517 mln in H1, commissions jump to 229.1 mln
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NBG net profits at 701 mln, commissions income rises 8 pct YoY to 221 mln
Eurobank acquires Alpha network in Bulgaria, kicking off round of consolidation abroad
In a joint statement released by Alpha and Eurobank on Friday evening, the two banks announced the acquisition of Alpha’s branch network in Bulgaria by Eurobank’s subsidiary in Bulgaria, Postbank.
Following the completion of the transaction, expected by the end of the year, Postbank will become the fourth largest bank in Bulgaria in terms of loans and deposits operating with more than 200 branches and 3,000 employees.
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