Alpha Bank A.E. (ADR) Stock News

Alpha Services and Holdings S.A. (OTCPK:ALBKY) Q4 2023 Results Conference Call March 7, 2024 7:00 AM ET

A little over eleven years ago, I invested in a handful of Greek stocks and posted about the experience. This post is a follow-up to that one. While I initially bought the stocks above, I did not hold

Alpha Services and Holdings S.A. (OTCPK:ALBKY) Q1 2023 Earnings Conference Call May 8, 2023 10:45 AM ET Company Participants Lazaros Papagaryfallou - Chief Financial Officer Iason Kepaptsoglou - Inves

Alpha Bank, one of Greece's four largest lenders, said on Friday it signed a binding agreement to sell a 400 million euro ($407 million) portfolio of unsecured bad loans to Hoist Finance AB for 34 mil

Alpha Services and Holdings S.A.'s (ALBKY) CEO Vassilios Psaltis on Q4 2021 Results - Earnings Call Transcript

Alpha Bank Group has reached an agreement with an affiliate of Cerberus Capital Management L.P. to sell a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of €2.4 bln. The Portfolio will be sold by the group’s 100% (indirect) subsidiary, Alpha International Holdings S.M.S.A to the U.S. equity firm. According to a statement by the company: “Project Sky forms part of Alpha Bank Group’s strategy for the reduction of its stock of non-performing loans and is the culmination of a series of similar successful transactions completed by the group over previous years. “With The post Alpha Bank sells €2.4 bln NPL, real estate portfolio appeared first on Financial Mirror .

By Olga Aristeidou The European Bank for Reconstruction and Development (EBRD) is providing 10 million(US$12.3million) credit protection to Alpha Bank SA, one of Greeces four systemic banks, by investing in the mezzanine tranche of a synthetic balance sheet securitisation. The structure consists of a 1.9 billion performing small and medium-sized enterprises (SME) and corporate loans [] The post EBRD Invests In Alpha Banks First Synthetic Securitisation appeared first on CYBER ERA: Catalyzing the Digital Economy .

Alpha Bank announced the completion of the 3.4 billion euros NPE securitisation, named Cosmos. Alpha Bank has agreed to sell 51% of the mezzanine and junior securitisation notes of Cosmos, to Davidson Kempner. The completion of Project Cosmos marks another significant milestone in our efforts to de-risk the Group Balance Sheet and normalize asset quality levels, Alpha said in a statement.

Alpha Bank said it has concluded a synthetic securitisation of 1.9 billion euros performing SME/Corporate portfolio with Christofferson, Robb & Company as lead investor, AnaCap Financial Partners (AnaCap) and the European Bank for Reconstruction and Development (EBRD). “The transaction enables the Bank to obtain Credit Risk protection for the Mezzanine Tranche of a 1.9 billion euros performing SME/Corporate portfolio, resulting in Risk Weighted Asset relief of approximately 1.2 billion euros,” Alpha said. The transaction has been structured to achieve Significant Risk Transfer (SRT) as well as Simple, Transparent and Standardised (STS) designation to enhance the Risk Weighted Asset relief, both of which are subject to supervisory approvals, Alpha said. The securitisation forms part of Alpha Bank’s announced business plan, “Project Tomorrow”, and is expected to contribute around 47 bps to Alpha Bank’s total capital ratio1 as of 30 September 2021. “Alpha Bank’s inaugural synthetic securitisation attracted significant investor interest, validating its strategy to utilise alternative sources of capital enhancement, in order to finance new investments and thus, contribute to the effort to accelerate the development of the Greek economy,” the bank said.

Alpha Bank said it has concluded a synthetic securitisation of 1.9 billion euros performing SME/Corporate portfolio with Christofferson, Robb & Company as lead investor, AnaCap Financial Partners (AnaCap) and the European Bank for Reconstruction and Development (EBRD). The transaction enables the Bank to obtain Credit Risk protection for the Mezzanine Tranche of a 1.9 billion euros performing SME/Corporate portfolio, resulting in Risk Weighted Asset relief of approximately 1.2 billion euros, Alpha said. The transaction has been structured to achieve Significant Risk Transfer (SRT) as well as Simple, Transparent and Standardised (STS) designation to enhance the Risk Weighted Asset relief, both of which are subject to supervisory approvals, Alpha said. The securitisation forms part of Alpha Banks announced business plan, Project Tomorrow, and is expected to contribute around 47 bps to Alpha Banks total capital ratio1 as of 30 September 2021. Alpha Banks inaugural synthetic securitisation attracted significant investor interest, validating its strategy to utilise alternative sources of capital enhancement, in order to finance new investments and thus, contribute to the effort to accelerate the development of the Greek economy, the bank said.

ATHENS (Reuters) Alpha Bank, one of Greeces four largest banks, has clinched a binding deal to sell its Albanian unit to Hungarys OTP Bank, it said on Monday.

Alpha Bank said that it has agreed to sell its entire stake in its Albanian subsidiary to OTP for a consideration of 55 million euros, representing a 0.74x P/BV multiple. The transaction is capital accretive for Alpha. The sale is fully aligned with the Groups commitment to focus its operations on its core markets, Alpha said in a bourse filing. The completion of deal is expected to take place within 2022. Rothschild and UniCredit Group are acting as financial advisers in relation to the transaction.

(PLX AI) - Alpha Bank says agrees to OTP Bank acquisition of Alpha Bank Albania. The consideration has been agreed at Euro 55 million representing a 0.74x P/BV multiple The Transaction is capital

Alpha Bank reported losses of 171.3 million euros in the third quarter, largely due to de-risking costs. Normalised net income came in at 84 million euros. Core PPI dropped 16% q-o-q to 191.7 million euros, materially affected by the derecognition of Galaxy and supported by an improved recurring OPEX line due to the deconsolidation of Cepal. Group NPE ratio stood at 19.9% and is well on track to reach 13% by year- end and a single-digit by mid-2022, the bank said. Group NPE cash coverage increased to 56% and to 51% in Greece. Group NPL coverage ratio stood at 86% while total coverage including collateral came to 124%. Total Capital Ratio was at 16.5% and CET1 at 13.9%, or 17.2% and 14.5% respectively, accounting for the RWA relief of the Cosmos securitisation which is anticipated to be realised in Q4. At the end of September 2021, the Groups Tangible Equity stood at Euro 6 billion. Overall, the implementation of our planned internal capital measures will more than offset the anticipated negative impact from the remaining inorganic NPE reduction and enhance the capital ratios by circa 60bps, Alpha said.