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Alpha
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EconomyBanking
Greek banks conclude series of corporate actions as part of restructuring Greek banks concluded a number of corporate actions in the last month of 2016 as part of the implementation of their restructuring plans, which includes disposal of non-core assets and focus on specific markets.
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EconomyBanking
Alpha Bank posts net profits of 41 mln in Q3, discloses NPE reduction targets Alpha Bank concluded the reporting period of the four systemic Greek banks releasing its third-quarter (Q3) results on the last day of November.
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EconomyBanking
Alpha and NBG complete sales of hotels Two of the four core Greek banks, Alpha and NBG, announced the completion of the sale of their hotel subsidiaries at the end of last week. Both transactions are part of the banks’ restructuring plans, which include, among others, disposal of non-core assets.
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EconomyBanking
Alpha Bank reports net losses of 16.8 mln in Q2 Alpha reported net losses of 16.8 million euros in the second quarter (Q2) of 2016 from 2.2 million in the previous quarter.
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EconomyBanking Marginal net losses of 2 mln for Alpha in Q1 Alpha was the last of the four core Greek banks that released its first quarter (Q1) results this week, showing a marginally negative bottom line of 2.2 million euros from 115.8 million in the corresponding period last year.
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EconomyBanking
Alpha, Eurobank sign agreement with KKR for management of NPLs In a joint press release, Alpha and Eurobank announced on Tuesday that they have reached a binding agreement with KKR Credit for the management of credit and equity exposures to a number of selected Greek corporates into a platform managed by Pillarstone.
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EconomyBanking
Loss-making Q4 and 2015 for Alpha, targets positive bottom-line in 2016 Following Eurobank, Alpha also reported net loss of 533.1 million euros in the fourth quarter (Q4) of 2015 from profit of 413.6 million in Q3.
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EconomyBanking Alpha makes 1.09 bln bond swap offer to boost capital Following Piraeus Bank a few days ago, Alpha Bank announced on Wednesday a voluntary exchange of 1.09 billion euros (nominal value) outstanding bonds.
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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.