Previous close | 1.7500 |
Open | 1.7500 |
Bid | 0.0000 x 0 |
Ask | 0.0000 x 0 |
Day's range | 1.7500 - 1.7500 |
52-week range | 1.0710 - 1.8300 |
Volume | |
Avg. volume | 1,248 |
Market cap | 4.113B |
Beta (5Y monthly) | 1.76 |
PE ratio (TTM) | 7.29 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | N/A |
ATHENS (Reuters) -Greece's state-controlled bank bailout fund HFSF said on Monday it sold its 9% stake in Alpha Bank to UniCredit for 293.5 million euros ($314 million) after an improved bid by the Italian bank. UniCredit announced last month it would become Alpha Bank's biggest investor by buying a 9% stake owned by Greece's HFSF. The fund said UniCredit had bought its Alpha shares at a price of 1.39 euros each, representing a premium of 9.4% to the stock's closing price on the last trading day before the initial announcement.
Alpha Bank and Piraeus Bank reported on Friday a jump in profits for the first nine months of 2023 as higher rates boosted net interest income and bad loans declined. Alpha Bank, Greece's fourth-largest lender by market value, reported net earnings of 491 million euros ($522 million), up 59% from the first nine months of 2022. Its net interest income increased 45.8% to 1.34 billion euros, as the margin rose to 2.3% from 1.7% a year earlier.