OTP Bank

OTP Bank buys another bank in Albania

After entering the market more than three years ago, OTP Bank is buying a bank in Albania again. With the acquisition of Alpha Bank Albania, the Albanian subsidiary of OTP Group is on its way to becoming the fifth largest player in terms of assets and the second largest for loans after the completion of the transaction.

Budapest, December 6, 2021 – Alpha Bank, the Albanian subsidiary of the Greek bank Alpha Bank, is the eighth largest bank in Albania with a market share for total assets of almost 5%. Alpha Bank operates as a universal bank for both retail and corporate segments. The purchase price has been agreed for 55 million Euros.