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Alpha
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EconomyBanking
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.
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EconomyBanking
Alpha Bank reports lower losses of 115.8 mln in Q1 2015 Alpha Bank reported lower quarter on quarter (QoQ) net losses of 115.8 million euros in the first quarter (Q1) of 2015, from 440.2 million in Q4 2014. The improving bottom-line result mainly reflects lower operating expenses and impairment losses.
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EconomyBanking Alpha Bank net losses rise to 440mln in Q4 2014, NPL ratio at 33 pct Alpha Bank posted an increase in net losses to 440.2 million euros in the fourth quarter (Q4) of 2014 from 156.9 million in Q3.
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EconomyBanking Alpha Bank nine-month profits at 110.3 mln, NPL ratio at 33.6 pct Alpha Bank reported on Tuesday a nine-month (9M) net profit of 110.3 million euros from 3.13 billion last year.
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EconomyBanking
Alpha Bank reports H1 profits of 267.4 mln on one-off item Alpha Bank reported first half (H1) net profit of 267.4 million euros from 3.41 billion last year. The figures are not comparable since the former incorporates deferred tax asset (DTA) of 422 million and the latter the negative goodwill from Emporiki transaction of 3.28 billion and several other one-off items.
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EconomyBanking Ιnterest in exercising Alpha's warrants remains rather limited The results of the second exercise period of Alpha Bank’s warrants showed that 60.9 million warrants were exercised at the predefined price of 0.4576 euros.
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EconomyBanking Alpha Bank acquires Citigroup's retail banking unit in Greece Alpha Bank announced today it signed an agreement for the acquisition of Citigroup’s Greek retail banking business, also including Diners Club of Greece. This is the second major Μ&Α transaction for Alpha after the acquisition of Emporiki Bank by Credit Agricole in 2012.
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EconomyBanking Alpha Bank posts loss of 94.1 mln in Q1 Alpha Bank, the third largest Greek bank by total assets, posted a Q1 net loss of 94.1 million euros from profit of 230.4 million last year.