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$ALBKY Company history and operations Founded in 1879

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SpotOnTrade Member Level  Monday, 12/01/14 10:14:22 AM
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$ALBKY Company history and operations Founded in 1879 it was a small commercial bank in the city of Kalamata, Greece. In

1918 the institution changed its name to the Bank of Kalamata. Then in 1924 the bank moved its headquarters to Athens and

changed its name to Banque de Credit Commercial Hellenique. The bank kept changing its names over the course of its history.

In 1960 Alpha established a subsidiary in Cyrus, which may later has been sold or closed. In the early 1990s the firm

started to international expansions, especially in the Balkans. Alpha in 1999 acquired 51% of the shares of the Ionian

Popular Bank. One year later the firm completely absorbed Ionian Popular Bank and changed its name to Alpha Bank. Throughout

the 2000s the firm continued to expand its bank through acquisition of bank in new markets. In 2012 the firm acquired

Emporiki Bank from Credit Agricole for EUR 1. In the following year Alpha took over deposits of Cooperative Bank of

Dodecanese, Cooperative Bank of Western Macedonia and Cooperative Bank of Evia.
http://www.gurufocus.com/forum/read.php?2,273977,273977


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