July 31, 2012 / 7:20 AM / in 5 years

Greece's Alpha Bank not on verge of Emporiki deal-source

ATHENS, July 31 (Reuters) - A senior official at Greece’s Alpha Bank dismissed a Greek newspaper report on Tuesday saying the lender was close to a deal to buy struggling rival Emporiki Bank from France’s Credit Agricole.

The Imerisia daily said the deal would be signed in mid-September after the terms of a planned Greek bank recapitalisation are finalised.

“We deny the report saying we are close to a deal to buy Emporiki,” the Alpha Bank official said.

Reporting by Lefteris Papadimas

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