Strategy and Finance Division
Investor Relations & DCM
Reference number: IR-150/2021
6 December 2021
Extraordinary announcement
OTP Bank is purchasing a bank in Albania again
OTP Bank Plc. announces that OTP Bank signed an acquisition agreement with Alpha International Holdings Single Member S.A. on purchasing 100% shareholding of Alpha Bank SH.A., the Albanian subsidiary of the Greek Alpha Bank S.A. The purchase price has been agreed at Euro 55 million.
With a total asset-based market share of almost 5%, Alpha Bank is the 8th largest bank on the Albanian banking market, and as a universal bank it has been active in the retail and corporate segment as well.
The financial closing of the transaction is expected by the end of 2Q 2022 subject to obtaining all the necessary regulatory approvals.
OTP Bank Plc.
OTP Bank Plc.
Postal address: P.O.B.: 501
Budapest H-1876 Hungary
Phone: +36 1 473 5460
Fax: +36 1 473 5951
E-mail: investor.relations@otpbank.hu
Internet: www.otpbank.hu
Address:
Nádor street 16. Budapest H-1051 Hungary
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OTP Bank Nyrt. published this content on 06 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 December 2021 07:31:05 UTC.