|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3140 - 0.3199|
|52 Week Range||0.2000 - 0.3800|
|Beta (5Y Monthly)||2.16|
|PE Ratio (TTM)||15.51|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Apr 02, 2008|
|1y Target Est||N/A|
Greece's bank rescue fund HFSF said on Thursday it took part in Alpha Bank's 800 million euro ($948 million) share offering partially, reducing its holding to 9% from 11% previously but remaining the bank's largest shareholder. The HFSF fund, which holds stakes in Greece's four big banks - Piraeus, National, Eurobank and Alpha - after taking part in three recapitalisations, was advised by UBS Europe and Societe Generale on its participation in Alpha Bank's equity offering. Alpha Bank's share placement with institutional investors was oversubscribed about two times and was priced at 1.0 euro per share.
ATHENS (Reuters) -Alpha Bank, one of Greece's four largest lenders, said on Friday it had hired JPMorgan and Goldman Sachs as advisers on a plan to boost capital by about 800 million euros ($980 million) to fund growth plans. "The proposed capital raising seeks to take advantage of favourable market conditions and the bank's strong financial position," Alpha Bank said in a bourse filing. The bank said it viewed prospects for the Greek economy as "especially positive" and wanted to support the government's efforts to boost economic growth and attract foreign investment.
Greece's Alpha Bank will sell a 10.8 billion euro ($13.09 billion) portfolio of impaired loans and 80% of loan services provider Cepal Holdings to U.S. fund Davidson Kempner under a definitive agreement it announced on Monday. The sale of the portfolio, known as Galaxy, will be the second-largest rated securitisation of non-performing exposures (NPEs) in Europe after Monte dei Paschi's Sienna project, it said. The deal is expected to reduce Alpha Bank's NPE and NPL ratios in Greece to 24% and 13% respectively from 43% and 29% in September 2020.