Alpha Bank's Partnership with UniCredit

Alpha Bank’s Partnership with UniCredit in Greece and Romania

The strategic partnership includes:

  • Merger of Romanian subsidiaries and creation of third largest bank in Romania, with Alpha Bank retaining a 9.9% stake.
  • Establishment of a commercial partnership framework in Greece to distribute UniCredit’s asset management and unit-linked products in Greece and creation of a joint venture in pension-saving products with UniCredit becoming a 51% shareholder in AlphaLife.
  • Acquisition by UniCredit from the Hellenic Financial Stability Fund (HFSF) of all the shares that HFSF held in Alpha Services and Holdings, namely a stake of 8,9781%.

UniCredit is a commercial bank serving over 15 million customers worldwide. They have a unique service offering in Italy, Germany, Central and Eastern Europe.

Alpha bank was founded in 1879 and is the fourth largest bank Greek Bank by total assets. It holds a subsidiary and branch in London, England and has subsidiaries in Romania and Cyprus too.

Alpha Bank was advised by Koutalidis.

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