Alpha Bank and UniCredit: Management workshops in Athens

Satisfaction over the positive results

Vassilios Psaltis and Andrea Orcel reaffirmed the significant progress achieved through this strategic partnership in less than a year and expressed satisfaction with the positive results that have already been yielded.

In terms of the achievements so far, they focused on:

• The partnership between the 2 groups in Romania, which is progressing according to schedule, establishing the country's third-largest bank. 
• The strong interest from Alpha Bank customers in the onemarkets Fund suite, which has attracted €100 million in capital within just the 3 months of its pre-launching period.
  

Mr Orcel voiced his enthusiasm for the positive results of the strategic partnership so far and appeared optimistic about the future. As he noted, “In less than a year, we have accomplished 3 times more than what we had anticipated based on our initial optimistic plans and our teams are collaborating effectively. The environment is positive, and I expect that the combined potential of what the two banks can achieve together will astound many in the industry.”

New horizons for wholesale customers

Mr Psaltis underlined the new opportunities and innovative solutions unveiled by the strategic partnership for Alpha Bank’s customers. 

As he stated, “We aspire for our strategic partnership with UniCredit to serve as a model for how European banks can develop a common strategy across borders. As the Greek economy grows and regains its extroversion, the partnership with UniCredit offers international opportunities to our clients through providing them access to the 13 European markets within its network. Thus, in an environment of heightened challenges and opportunities, our strategic partnership with UniCredit promotes extroversion and enhances the competitiveness of our clients. At the same time, it strengthens our position as the bank of choice for Greek businesses, placing Alpha Bank at the forefront of the European banking market.”

Meetings with institutions and entrepreneurs

The Alpha Bank and UniCredit Group CEOs presented the progress of the partnership so far and the upcoming steps to Minister of Economy and Finance Kostis Hatzidakis. They also held a luncheon for Bank of Greece Governor Yannis Stournaras at the Alpha Bank headquarters. 

The discussions centred on the:

• Benefits created through the cross-market partnership between the 2 banking groups 
• Opportunities presented for businesses and the Greek economy 
  As they noted, UniCredit’s investment in Alpha Bank is the first such completed by a large European bank in the Greek banking system in the last 17 years. 
  

They also reaffirmed the determination of the 2 groups to operate as a banking services gateway for:

• Greek businesses active in foreign markets
• Foreign investors monitoring with interest the positive course of the Greek economy over the past years 
  

The executive and management teams of the 2 banking groups also met with leaders and senior executives from top performing Greek businesses.

Event for onemarkets Fund

A special event was hosted at the Alpha Bank headquarters for the launch onemarkets Fund, attended by Alpha Bank executives and employees. The onemarkets Fund suite of funds leverages the expertise of UniCredit, combined with that of leading asset management brands. They are offered in the Greek market exclusively though the Alpha Bank network.

During the event, Mr Psaltis noted, “The launch of the onemarkets Fund in Greece opens a window to international investment opportunities for our clients, as it gives them the option of investing in mutual funds managed by asset managers, previously not accessible in the Greek market. At the same time, it offers innovative products and strategies covering all investment profiles, leveraging UniCredit’s expertise, combined with the extensive experience and strong performance of the Alpha Bank asset management teams.”

The event was also attended by representatives from UniCredit’s onemarkets Fund partner network, such as PIMCO, Fidelity and Pictet Asset Management.