Postbank
Postbank, legally named Eurobank Bulgaria AD, has successfully finalized the agreement to acquire the operations of Alpha Bank Bulgaria. By signing the legal agreement today, the two banks have made the final step towards their merger. From that moment they integrate their long experience, resources and expertise on the Bulgarian market to offer high quality service, customized approach and modern banking products to their clients. The deal was finalized in accordance with the Bulgarian law and after obtaining statutory authorisations from the competent authorities.
The two financial institutions will continue to work together under the Postbank brand, creating one of the country’s leading banks. Postbank becomes the fourth biggest bank in Bulgaria in terms of loans and deposits, with over BGN 6.3 billion assets, a broad branch network across the country and a considerable client base in retail and wholesale banking segments.
"Today we are laying the foundations of an even stronger universal bank with a broad branch network and capital that will enable us to grow in the future. This is a key step for Postbank in consolidating our position in the dynamic banking sector. We possess the necessary skills and the qualified team to meet the most demanding needs of our customers. They are the engine of everything we have done in the last 25 successful years. Via the merger we bind together and continue all the strengths of the two banks. Thereby we create a synergy that will serve as a basis for achieving sustainable profitability", commented Mrs. Petia Dimitrova, CEO and Chairperson of the MB of Postbank.
Postbank has 25-years’ presence as one of the leaders in Bulgaria’s banking sector. The bank is a decisive factor in innovation, in shaping the country’s banking trends in recent years and award-winning for its innovation. Postbank occupies a strategic position in retail and wholesale banking in Bulgaria. It is one of the market leaders in credit and debit cards, mortgage and consumer loans, saving products, as well as regarding corporate tailored products - from those for small businesses to large international companies operating in the country. The bank has built one of the most developed branch networks and modern alternative banking channels. The present acquisition of Alpha Bank Bulgaria business is another step forward for Postbank in consolidating its position as a systemic bank and in expanding its customer base.
Postbank stated that the operational merging, the rebranding of offices acquired from Alpha Bank Bulgaria and all resulting changes will happen in a phased manner. Operating systems, products and services of Alpha Bank Bulgaria, including internet banking platforms, will be unified with those of Postbank. Once the operational merger is completed, the bank's customers will be able to use all offices, specialized centres, ATMs and modern online banking platforms of Postbank, as well as a unified Tariff, General Terms and Interest Rate Bulletin. At www.postbank.bg , customers can find all changes that affect the terms and fees for their use of products and services.
For more information and answers to any questions related to the acquisition of Alpha Bank Bulgaria, customers can call the hotline 0700 16 222, as well as address experts in every branch of the two banks.