Alpha Bank close to another takeover and IT headaches

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Alpha Bank close to another takeover and IT headaches

09 November 2012

IBS Journal - News

Alpha Bank in Greece is believed to be close to agreeing a merger deal, which will see it taking over troubled domestic rival, Hellenic Postbank. If this happens, a complex merger (including the IT platforms) will follow, as Hellenic Postbank, Alpha Bank and its other recent acquisition, Emporiki Bank, use completely different systems.

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Labels: Back Office Systems, Core Banking Systems, Mergers & Acquisitions (M&A)

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