Alpha Bank Considers €800M Share Capital Increase Plan

ΑΤΗΕΝS — Alpha Bank on Friday said it was examining plans for a share capital increase worth 800 million euros to fund its development plan.

In an announcement, responding to press reports, Alpha Services and Holdings SA, a 100% parent of Alpha Bank, said it has hired JPMorgan and Goldman Sachs Banks Europe SE to examine a plan to raise 800 million euros in new capital to fund its development plan.

"The suggested capital raise seeks to take advantage of the current favorable conditions in capital markets and Alpha Bank's strong financial position, at the same time defending the investment value of existing shareholders. Alpha Bank considers the outlook of the Greek economy as extremely positive and wants to contribute in support of the Greek government's efforts to boost the growth of the national economy and to attract foreign investments in the country," the announcement said.


ATHENS - Greek retail commerce enterprises' turnover grew 22,1% in November 2021, totaling 2,86 billion euros, from 2,35 billion in November 2020 and up 1,9% from October 2021 (2,81 billion), Hellenic Statistical Authority said on Wednesday.

Top Stories


ATHENS – A major snow storm that had been predicted for days still caught residents in Greece offguard and the New Democracy government scrambling for answers as to why motorists were stuck for hours on major roads.


US Congress represenatives Gus Bilirakis of Florida and Nicole Malliotakis of New York – both Republicans – assailed President Joe Biden's administration for no longer supporting the EastMed pipeline project by Greece, Cyprus and Israel.


WASHINGTON HEIGHTS, NY – In the presence of distinguished guests, the vasilopita was cut by the Federation of Greek American Educators in the community hall at St Spyridon Greek Orthodox Church in Washington Heights on January 23.


Meet Methuselah, the Oldest Living Aquarium Fish

SAN FRANCISCO — Meet Methuselah, the fish that likes to eat fresh figs, get belly rubs and is believed to be the oldest living aquarium fish in the world.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.