The Koutalidis Law Firm has advised Alpha Bank on its demerger by way of a hive-down of its banking sector to a new banking entity.
According to Koutalidis, the demerger, which was completed on April 16th, 2021, "constitutes an integral part of Alpha Bank’s Strategic Plan 2020-2022, aiming at the improvement of its financial structure through the reduction of its non-performing exposures and cost of risk, as well as through the transfer of its banking business sector to an entity with substantially improved asset quality."
