Yannis S. Costopoulos, Chairman and Managing Director of Alpha Bank

Alpha Bank SA, Greece?s second largest bank, has today completed the placement of 15.9 million ordinary shares, representing 8.6% of its issued share capital and the entire holding of treasury shares in Alpha Bank held by Ionian Holdings. The shares were priced at Euro 17.20, a less than 1% discount to yesterday?s closing price.

The placement was lead managed by JPMorgan and UBS Investment Bank with Alpha Finance acting as the placement agent in Greece. The placing, which was done by way of an accelerated bookbuild, attracted strong demand from international and domestic institutional investors.

Over 80% was placed with international institutional investors and the remaining with domestic institutional investors.

Mr Marinos Yannopoulos, Executive General Manager and Chief Financial Officer, added: 'This placing diversifies our shareholder base, enhances the liquidity of our stock, and further strengthens our capital base. Above all, it demonstrates a continued strong appetite of international investors for Alpha Bank shares.'