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Provider: Reuters Investment Profile
Provider: Reuters Investment Profile
Provider: GlobalData
Provider: Sadif Analytics Prime

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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.