Alpha Bank Romania Cleared To Take Over EFG Eurobank Securities
Alpha Bank Romania has received authorization from the local securities commission to take over EFG Eurobank Securities, as part of the merger between Greece parent companies Alpha Bank and EFG Eurobank, the market watchdog said in a statement.
EFG Eurobank and Alpha Bank, Greece’s second and third largest lenders respectively, announced in November 2011 they would merger into a single group to bolster operations and shake the effects of the recession.
In Romania, the merger is set to propel the subsidiaries of the two banks to the third position based on assets, after Erste Bank’s BCR and Societe Generale’s BRD.
Citește și
4 min
Ștefan Stan
2 min
Ștefan Stan
2 min
Ștefan Stan