Tuesday March 31, 2015 Search
Weather | Athens
14o C
09o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Major take-up of Alpha shares

By Yiannis Papadoyiannis

The Alpha Bank warrants exercise has exceeded all expectations, as according to sources holders acquired an estimated 500 million of the lender’s shares from the Hellenic Financial Stability Fund (HFSF).

This amounts to 4 percent of the bank’s share capital and takes the stake that is in private hands up to 35 percent, while the HFSF’s holding was reduced to 65 percent. The next exercise of warrant rights is on December 10, with the last scheduled for December 2017.

Meanwhile the HFSF has approved Alpha’s acquisition of Citibank’s Greek subsidiary and in the next two days the deal between the two lenders will be signed. Alpha will take charge of the branch network as well as Citibank’s loan portfolio in Greece.

At the end of 2013 Citi had 21 branches in Greece – 19 in Athens and two in Thessaloniki – and employed 944 people.

Alpha will reap savings of 2 billion euros, which break down to 1 billion in deposits and 1 billion in savings products.

ekathimerini.com , Wednesday June 11, 2014 (23:27)  
Greek retail sales dip in January for third month in a row
Greek jobless rate inches up to 26 pct in December
Record cash hits Greek stocks as traders take flier on accord
Investment guru Mark Mobius rules out Grexit, advises sell-offs
Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
Comments by Parliamentary Speaker Zoe Constantopoulou prompted the main opposition to walk out of the House during a stormy discussion on Greece's debt negotiations in the early hours of Tue...
Major effort under way after floods in Serres
Local authorities, residents and members of the armed forces in Serres, northern Greece, worked together on Monday in an effort to limit the damage caused by the Strymonas River, which broke...
Inside News
SOCCER
Cyprus soccer eyes reunion after 60-year divorce
Turkish Cypriot soccer officials on Monday vowed to press ahead with attempts to reunite with the Cyprus Football Association, (CFA), triggering a political storm on the ethnically-split isl...
SOCCER
Three Greek internationals injured in Budapest car crash
Three Greek international soccer players were slightly injured on Monday in a car crash as they travelled by taxi to Budapest airport following Greece's Euro 2016 qualifying goalless draw ag...
Inside Sports
COMMENTARY
Amateur antics or overstepping the mark?
There are 149 plus two reasons why those who have been watching SYRIZA’s progress since its start cannot and never will be able to stomach the leftist party’s coalition with Independent Gree...
EDITORIAL
A pointless debate
Monday’s parliamentary debate between the country’s political leaders left a lot to be desired. There was no information whatsoever about the coalition government’s proposed reforms or the p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek retail sales dip in January for third month in a row
2. Greek jobless rate inches up to 26 pct in December
3. Record cash hits Greek stocks as traders take flier on accord
4. Investment guru Mark Mobius rules out Grexit, advises sell-offs
5. Shops to open Sunday ahead of Easter holidays
6. Greek government proposes measures worth 3.7 bln
more news
Today
This Week
1. Amateur antics or overstepping the mark?
2. A pointless debate
3. Parliamentary speaker prompts ND walkout, anger from PASOK, Potami
4. Greek government proposes measures worth 3.7 bln
5. Shops to open Sunday ahead of Easter holidays
6. Investment guru Mark Mobius rules out Grexit, advises sell-offs
Today
This Week
1. Next Monday is D-Day for state funds
2. Eurogroup unlikely to be held soon to discuss Greek reforms
3. Moscow expects progress from Tsipras visit
4. Some more equal than others
5. Greece to present reforms by Monday, says gov't spokesman [Update]
6. Greece optimistic on deal with euro area next week
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.