Alpha Bank

Alpha Bank Sells Serbian Real Estate Subsidiary for €8.4 million

Greece's Alpha Astika Akinita, an Alpha Bank subsidiary, said it has sold its Serbian subsidiary Alpha Real Estate to Mat Real Estate for 8.4 million euros ($9.9 million). The transaction was carried out on November 28, Alpha Astika Akinita, a...

Survey Shows Decisive Role of Tourism in Greece's Economic Recovery

Tourism, a traditionally strong pillar of Greece's economy, holds a decisive role in the country's efforts to recover from the current debt crisis, a survey carried out by Alpha Bank shows. According to the latest central Bank of Greece data...

New Athens Hilton Owners have Plans for New Luxurious Services

The completion of the sale of the Athens Hilton to Home Holdings on Friday opens the way for the company's plans for new and more luxurious services, according to a Kathimerini report. Alpha Bank, owner of Ionian Hotels to which...

Athens Hilton Hotel Sold to TEMES-Dogus Consortium

Alpha Bank agreed on Thursday to sell the Hilton Hotel in Athens to the consortium comprising Greece’s TEMES and Turkey’s Dogus Holdings A.S. The two sides reached a deal on a price of 142 million euros for 97.3% of shares,...

Alpha Bank Launches Procedure to Sell Hilton Athens Hotel

Alpha Bank announced on Wednesday the launch of a procedure to sell a majority stake (around 97.3%) in the equity capital of Ionian Hotel Enterprises SA, owner and manager of Hilton Athens hotel. In an announcement, Alpha Bank said the procedure...

Athens Stock Exchange Takes 5% Plunge

The Athens Stock Exchange took a 5 percent plunge on Wednesday closing at 531 points, generating turmoil among foreign investors. The dip in bank shares was substantial, reaching almost 14 percent for Eurobank and Piraeus Bank. At 4:20 pm the general...

Credit Agricole Returns to Greece as Major Shareholder in Alpha Bank

Credit Agricole, the French bank giant which ended its commercial presence in Greece around three years ago when it sold Emporiki Bank to Alpha Bank, is returning to Greece, this time as a major shareholder in Alpha Bank. Alpha Bank,...

The Emblematic Athens Hilton Hotel is Allegedly for Sale

The Athens Hilton, the emblematic hotel that has hosted countless important people and celebrities visiting Athens, is allegedly up for sale. According to a report on Eyro2day.gr, Alpha Bank has already started procedures to sell the hotel having Citigroup as...

Athens' Stock Exchange Temporarily Suspends Trading for 3 Greek Banks

Athens’ Stock Exchange announced on Wednesday it will temporarily suspend trading of the stocks of three systemic banks – Alpha Bank, Eurobank and Piraeus Bank – from November 27, in order to complete the shares' reverse split. According to the...

Private Sector Deposits up 305M Euros in August‏

Private sector deposits in Greek banks grew by 305 million euros in August, after a decline by 1.397 billion euros in July, totaling 121.138 billion euros, up from 120.833 billion in August, but sharply down compared with 237.8 billion...