Alpha agrees to sell its Albanian unit to OTP
![Alpha agrees to sell its Albanian unit to OTP](https://www.ekathimerini.com/wp-content/uploads/2021/01/alpha_bank-960x600.jpg)
Alpha Bank has agreed to sell its Albanian unit to Hungary’s OTP Bank, it said on Monday.
OTP Bank will pay 55 million euros to buy a 100% stake in the asset, Alpha said.
The deal will create a leading banking group in Albania, which will hold a share of about 11% in the market based on assets, Alpha added.
The transaction is expected to be completed in 2022. [Reuters]