Alpha Bank: Reggeborgh sold its stake to UniCredit

Dutch concern steadfast Reggeborgh has sold its full 9.75% stake successful Alpha Bank to three planetary concern banks.

UniCredit has doubled its stake successful Greece’s Alpha Bank to astir 20% subject to regulatory approval, the Italian slope said.

On the juncture of the summation successful Unicredit’s shareholding successful Alpha Bank, Bank of Greece Governor Yannis Stournaras made the pursuing statement:

“The summation successful Unicredit’s stake successful the stock superior of Alpha Bank, done the acquisition of the shares held by Reggeborgh Invest, is simply a very affirmative improvement for some banks, gathering connected the fantabulous practice they person developed implicit the caller past.

It besides reflects the important advancement of the banking assemblage and the Greek economy, which is besides confirmed by the continuous upgrades of the Hellenic Republic and the Greek banks by planetary standing agencies.

This transaction shows the way guardant for the European Union successful the banking sector: Cross-border practice betwixt sound banks, coupled with completion of the Banking Union, the Capital Markets Union and simplification of procedures, reduces European marketplace fragmentation, creates economies of scale, improves liquidity and efficiency; this will successful turn effect successful stronger economical growth, faster monetary argumentation transmission, little prices of goods and services and, ultimately, greater economical prosperity.

Congratulations are owed to Andrea Orcel, Henry Holterman, Vassilis Psaltis and their staff for their professionalism and very bully practice with the Bank of Greece.”