OTP Group purchased Alpha Bank Albania

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OTP Group completed the procedure for the purchase of Alpha Bank Albania. With this transaction closed, OTP Group – which is also the owner of OTP Bank Albania – further strengthens its market position in Albania.

As the result of the integration process of the two banks in terms of total assets the market share of OTP Group in Albania is expected to reach 11% and the customer loan portfolio to increase by one and a half times.

Based on the latter, the Albanian operation of the banking group may become the third largest market player with a 16.3% share.

In the next period, both OTP Group member banks’ main focus will be to implement the integration process. At present, in connection with the ownership transfer, the customers of Alpha Bank Albania do not need to do anything and in the future, all Alpha Bank Albania customers will be timely notified about the key milestones related to the merger of the banks.

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