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Alpha Bank SA (ALBKY.PK)

ALBKY.PK on OTC Markets Group

0.50USD
2 Dec 2016
Change (% chg)

$-0.02 (-3.69%)
Prev Close
$0.51
Open
$0.50
Day's High
$0.50
Day's Low
$0.48
Volume
19,731
Avg. Vol
34,123
52-wk High
$2.00
52-wk Low
$0.30

Latest Key Developments (Source: Significant Developments)

Fitch affirms four Greek covered bonds programmes
Thursday, 30 Jun 2016 11:58am EDT 

Fitch Ratings : Fitch affirms four Greek covered bonds programmes . Affirmed rating of Greek covered bonds issued by Alpha Bank AE, national bank of Greece S.A. And Piraeus Bank S.A. .Greek covered bonds issuers' issuer default rating (idr) and VR are still 'RD' and 'F'.  Full Article

Fitch affirms Greek banks at 'RD' on capital controls
Tuesday, 21 Jun 2016 11:50am EDT 

Fitch Ratings : Fitch affirms Greek banks at 'RD' on capital controls . Banks' IDRs of 'RD' reflect view that Greek banks are defaulting on a material part of their senior obligations . Affirmation of four Greek banks' VRs at 'F' reflects opinion that these banks would default if deposit restrictions are lifted .Greek banks' credit profiles remain weak, with large funding imbalances and heavy reliance on eurosystem funding.  Full Article

Alpha Bank, Eurobank and KKR reach agreement to support Greek companies
Tuesday, 17 May 2016 03:30am EDT 

Alpha Bank: Alpha bank, eurobank and kkr reach agreement to support greek companies .Subject to board approval, european bank for reconstruction and development considering co-investing in partnership with kkr and banks.  Full Article

KKR expands Pillarstone platform into Greece
Tuesday, 17 May 2016 03:24am EDT 

KKR & Co: Further expansion of its pillarstone platform in europe through signing of a binding agreement with Alpha Bank and Eurobank in greece .New platform in Greece will provide fresh long-term capital and operational expertise to large greek corporate borrowers.  Full Article

Alpha Bank SA invites bids for Hilton Athens owner - RTRS
Tuesday, 16 Feb 2016 06:39pm EST 

Alpha Bank SA:Greece's Alpha Bank SA launches a process to sell Athens-listed Ionian Hotel Enterprises, owner of the five-star Hilton Athens, a source familiar with the matter said-Reuters.Alpha Bank, which holds 97.3 percent of IHE, wants to receive expressions of interest by a deadline of March 11.Citi is advising Alpha Bank on the sale.The Greek bank is aiming to further strengthen its capital base with the share sale, which is valued at about 106 million euros based on its last closing price of 8.13 euros.Greek banks that have been recently recapitalized with the euro zone's help have agreed to divest non-core banking activities and sell their participation in overseas assets.  Full Article

Hellenic Cables signs common bond loan of EUR 4.3 million with Alpha Bank SA
Tuesday, 29 Dec 2015 10:51am EST 

Alpha Bank SA:Signs common bond loan of 4.3 million euros with Hellenic Cables and 5 years duration‍​.  Full Article

Alpha Bank SA raises its stake on Nireus at 20.84 percent
Wednesday, 2 Dec 2015 09:47am EST 

Nireus Aquaculture SA:Says Alpha Bank SA raises its stake on Nireus from 0.00 to 20.84 percent.  Full Article

Alpha Bank SA -S&P raises rating on Greek lenders Alpha Bank SA, Eurobank Ergasias SA to 'SD' - RTRS
Thursday, 26 Nov 2015 07:00pm EST 

Alpha Bank SA:Standard & Poor's on Friday raised its rating on Greece's Alpha Bank ACBr.AT and Eurobank EURBr.AT to 'SD' (selective default) from 'D' (default) after the two banks successfully raised funds to plug capital shortfalls revealed in a European Central Bank stress test.- RTRS.  Full Article

Alpha Bank SA -Greece's Alpha Bank announces 1.6 billion euro share offering - RTRS
Tuesday, 10 Nov 2015 07:00pm EST 

Alpha Bank SA:Greece's Alpha Bank said on Wednesday it would aim to raise 1.66 billion euros by selling new shares to help fill a 2.74 billion euro capital shortfall revealed by a European Central Bank (ECB) health check- RTRS.Greece's fourth-largest lender said the share offering, without rights for current shareholders, would take place via an international book-building expected to complete by November 16- RTRS.If needed, the Hellenic Financial Stability Fund (HFSF) will provide the capital support by buying a mix of contingent convertible bonds (CoCos) and new shares the bank will issue in a ratio of 75 percent CoCos and 25 percent new stock- RTRS.The CoCos will pay an annual coupon of 8 percent- RTRS.Alpha has called a shareholders meeting on November 14 to for approve the capital raising plan- RTRS.  Full Article

Alpha Bank SA -Greece's Alpha concludes sale of Bulgarian unit to Eurobank - RTRS
Thursday, 5 Nov 2015 07:00pm EST 

Alpha Bank SA:Greek lender Alpha Bank said on Friday it had concluded a deal to sell its Bulgarian operations to Greek peer Eurobank. -RTRS.In July, Eurobank's Bulgarian subsidiary Postbank struck a preliminary deal to acquire Alpha's business in the country, which had assets of 464 million euros and a retail network of 82 branches at the end of September. -RTRS.Under the deal, Postbank bought Alpha's loss-making Bulgarian branch network for 1 euro. -RTRS.The acquisition will help Postbank strengthen its position in the Bulgarian banking sector, becoming the fourth biggest Bulgarian bank in terms of deposits and loans. -RTRS.  Full Article

BRIEF-Alpha Bank sells its stake in Ionian Hotel Enterprises for 142 mln euros

* Says Alpha Bank sells its 97.3 percent stake in the company to Home Holdings SA for 142 million euros ($155.09 million)

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