Vista Bank announces the agreement with Alpha Bank and Alpha International Holdings for the acquisition of the shares (100%) in Alpha Leasing Romania, which also holds 100% of Alpha Insurance Brokerage Romania.

The transaction is expected to be completed in the second quarter of this year and is subject to approval by the competent authorities.

Georgios Athanasopoulos, Chief Executive Officer of Vista Bank says: “The acquisition of Alpha Leasing (Romania) represents another milestone for Vista Bank and is in alignment with our strategy to further increase and consolidate our position as Group in the market. We are focused to support the Romanian economy creating value for all the stakeholders, customers, employees, shareholders. We would like to thank the Alpha Bank S.A. and Alpha International Holdings S.MS.A. representatives for their cooperation and professionalism in this transaction.”

PWC and David & Baias provided tax & legal advice.

Vista Bank is operating in Romania since 1998 through a network of 35 branches and 5 Business Centers providing a full range of products and services to local and international clients.