Alpha Bank Refutes Reports of Selling Eastern European Units

A customer enters Athens-based Alpha Bank`s headquarters, 09 March 2011 in Athens, Greece. EPA/BGNES

The Greek Alpha Bank has refuted the reports that it plans to sell 30% in its Eastern European units to European Bank for Reconstruction and Development.

Alpha Bank Bulgaria announced that in a statement Monday in response to an inquiry of the Greek Capital Market Commission motivated by the reports that emerged in international media Sunday about the potential capital partnership between Alpha Bank and the European Bank for Reconstruction and Development.

The Greek bank, which is one of the major players on the Bulgarian market, stated that it is considering a number of capital boosting measures but that it has made no agreement of the sort with the EBRD.

The disproved original report claimed that Alpha Bank planed to separate its units in Romania, Ukraine, Serbia, Bulgaria, Albania and Macedonia from their Greek parent and place them into a holding company in which the EBRD would buy a stake, as reported by Athens-based Real News reported on Sunday.

Alpha Bank has more than 1000 officies in 9 countries, including Greece, Cyprus, Bulgaria, Romania, Serbia, Ukraine, Albania, Macedonia, and the UK.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!