Greece-based Alpha Bank has sold its Bulgarian operations to Eurobank, another (temporarily closed) Greek for an undisclosed sum.
Alpha has 83 branches 744 employees in Bulgaria.
Eurobank’s subsidiary, Postbank Eurobank Bulgaria AD, will assume control. Alpha Bank sold its Ukrainian affiliate to Delta Bank in 2013.
Alpha’s Bulgarian subsidiary has a 2.5-percent market share of the loans market and 1.0 percent of deposits in the neighboring country.