Alpha Bank to acquire the Romanian Retail Business of Orange Money.

Alpha Bank, a Greek bank, agreed to acquire the Romanian Retail Business, the consumer ecosystem built by the company that encompasses its customer portfolio, top-of-the-market digital assets, credit card portfolio and employees of Orange Money, a mobile money service provider. Financial terms were not disclosed. "Alpha Bank Romania has combined tradition and innovation since the launch of its operations and this acquisition is part of the Bank's strategy to strengthen its position in the market and offer a superior digital experience to its customers. We are delighted to benefit from the strengths of Orange Money Romania and excited by the opportunity to build an ecosystem of digital solutions for our customers. Our strategic thinking, flexibility and long-term vision are thus complemented by an infusion of agility and expertise in the field of market-leading digital financial services," Sergiu Oprescu, Alpha Bank General Manager.