OTP Bank to acquire the Albanian unit of Alpha Bank for $62m.

OTP Bank, one of the largest independent financial service providers in Central and Eastern Europe, agreed to acquire the Albanian unit of Alpha Bank, the second largest Greek bank by total assets, for $62m. 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.