Key Developments: Alpha Bank SA (ACBr.AT)

ACBr.AT on Athens Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Alpha Bank SA acquires Citibank's Greek retail operations
Friday, 13 Jun 2014 03:02am EDT 

Alpha Bank SA:Says it has entered into a definitive agreement with Citibank International plc and Citibank Overseas Investment Corporation ("Citi") for the acquisition of Citi's Greek retail banking business, including Diners Club of Greece.Says completion is expected within third quarter of 2014, following receipt of applicable approvals.Says the transaction is subject to customary terms and conditions, including closing balance sheet reviews.  Full Article

Alpha Bank SA issues 500 million euros senior unsecured bond issue with a three-year maturity and 3.5 percent yield to maturity
Wednesday, 11 Jun 2014 08:00pm EDT 

Alpha Bank SA:Says it has issued 500 million euros senior unsecured bond issue with a three-year maturity and 3.5 percent yield to maturity.  Full Article

Alpha Bank SA announces to finalize agreement to acquire certain operations of Citibank
Friday, 25 Apr 2014 03:17am EDT 

Alpha Bank SA:Appears to be finalising agreement to acquire certain parts of Citibank's operations in Greece.  Full Article

Alpha Bank SA announces completion of 1.2 bln euros capital increase
Sunday, 30 Mar 2014 08:00pm EDT 

Alpha Bank SA:Announces the completion of a capital increase of 1.2 billion euros (including share premium account) through a private placement with qualified investors.Says the Bank’s share capital has been increased by an amount of 553,846,153.80 euros, through the issuance of 1,846,153,846 new, ordinary, registered shares of the Bank of par value 0.30 euros and offer price of 0.65 euros each.Says, following the above, the share capital of the Bank amounts to 4,770,717,957.40 euros, consisting of 12,969,059,858 shares.  Full Article

Alpha Bank SA prices 1.2 billion euros offering of new ordinary shares
Monday, 24 Mar 2014 11:33am EDT 

Alpha Bank SA:Announces that pursuant to its fully underwritten offering of new ordinary shares for a total of 1.2 billion euros, following the completion of the book-building process, it has received investor interest for 1,846,153,846 new ordinary shares at a price of 0.65 euro per share.The shares will be placed with qualified investors, outside Greece.  Full Article

Alpha Bank SA announces 1.2 billion euros underwritten capital increase with cancellation of pre-emption rights
Friday, 7 Mar 2014 06:27pm EST 

Alpha Bank SA:Announces that the board has called an Extraordinary General Meeting, on March 28, to consider an up to 1.2 billion euros capital increase in cash with the cancellation of pre-emption rights to facilitate an equity offering.The proceeds from the capital increase are expected to be used to strengthen the Bank’s capital base with high-quality common equity capital and allow for the redemption of the Hellenic Republic’s preference shares of 940 million euros.The transaction is envisaged to be executed via a non-preemptive equity offering to international investors and a public offering in Greece.Alpha Bank will consider favourably any participation of existing Shareholders and Warrant Holders in the equity offering process.Citigroup Global Markets Ltd and J.P. Morgan Securities plc acting as Joint Global Coordinators and Joint Bookrunners have committed to underwriting the capital increase, subject to customary conditions.The Hellenic Financial Stability Fund, owner of 81.7 percent of Alpha Bank’s capital, has expressed its full support of the Bank’s effort to attract private capital and further strengthen its balance sheet.  Full Article

Alpha Bank SA undertakes the deposits of three Cooperative Banks
Sunday, 8 Dec 2013 01:02pm EST 

Alpha Bank SA:Says that, further to the completion of the bidding process as per Art. 63 D of Law 3601/2007 and the subsequent decision of the Bank of Greece dated Dec. 8, it is assuming the deposits of the Cooperative Banks of Western Macedonia, Dodecanese and Evia.Says all the deposits undertaken by Alpha Bank, are fully guaranteed.Says it assumes exclusively the deposits and not any other assets and /or liabilities of the three Cooperative Banks.Says upon completion of the accounts’ transfer process to its systems, Alpha Bank will notify their beneficiaries, as per the commencement date of their servicing through its Branch network.Says it will maintain physical presence through its Branches in certain remote areas where the Cooperative Banks have been operating, ensuring the uninterrupted service to the local population.Says it intends to offer employment opportunities to the Personnel of the above mentioned Cooperative Banks, following a selection process.  Full Article

Alpha Bank SA Announces Sale Of JSC Astra Bank Ukraine
Friday, 19 Jul 2013 03:16am EDT 

Alpha Bank SA announced that, on July 18, 2013, it entered into an agreement with Delta Bank Group (Ukraine) for the sale to the latter of shares in its subsidiary JSC Astra Bank Ukraine representing its entire share capital. The sale is to be carried out for a consideration of EUR 82 million and is capital neutral for Alpha Bank. The transaction is expected to close in the fourth quarter of 2013 and is subject to customary regulatory approvals.  Full Article

Alpha Bank SA Files Binding Offer For The Acquisition Of New Hellenic Postbank SA
Tuesday, 9 Jul 2013 12:33pm EDT 

Alpha Bank SA announced that on July 9, 2013 and in connection with the process set by the Hellenic Financial Stability Fund, it filed a binding offer for the acquisition of shares representing the entire share capital of New Hellenic Postbank SA.  Full Article

Alpha Bank SA Announces Rights Issue
Monday, 3 Jun 2013 03:30am EDT 

Alpha Bank SA announced the completion of its EUR457.1 million rights issue (the Rights Issue) announced earlier, with the Rights Issue fully subscribed, and the allotment of all of the shares offered in the EUR92.9 million private placement to institutional and other qualified private investors (the Private Placement). The Rights Issue was fully underwritten by a syndicate of international investment banks. The Rights Issue was concluded through a public offering in Greece and institutional offering outside Greece which lasted from May 17, 2013 up to and including May 31, 2013. Demand from the exercise of preemption and oversubscription rights amounted in total to 1,721,786,857 New Shares, or 165.7% decomposed to 1,001,311,756 New Shares for preemption rightsor 96.4%,and 720,093,991 New Shares for oversubscription rights. In the final allocation, persons exercising preemption rights received 1,001,311,756 New Shares and persons exercising oversubscription rights received 37,551,880 New Shares against payment of a total of EUR457.1 million and no New Shares remained unsubscribed in connection with the Rights Issue. Investors will receive one New Share for every 19.1760 New Shares requested in connection with the oversubscription.  Full Article

EU regulators approve overhaul of Greece's Alpha Bank

BRUSSELS, July 9 - European Union state aid regulators cleared on Wednesday the restructuring of Greece's Alpha Bank by downsizing its international operations, saying it would ensure the lender's viability.

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