Sale of Alpha Bank Albania to OTP (signed Dec 2021) and of Societe Generale Albania to OTP (2018-2019)
Status: Completed (the SG deal in 2019; Alpha absorption approved later).
Summary
Two OTP acquisitions in Albania under the Bank of Albania's approval. OTP agreed in August 2018 to buy Societe Generale Albania and closed on 29 March 2019; the Bank of Albania approved the rename to Banka OTP Albania. In December 2021 OTP agreed to buy Alpha Bank Albania for EUR 55m. Completion required regulatory approvals; the Bank of Albania later approved absorbing Alpha Bank Albania into OTP Bank Albania (date not confirmed). Sejko was deputy general manager of Societe Generale Albania until 2015, before the 2018 sale. No source links Sejko to either deal.
Key facts
- Societe Generale Albania: agreement Aug 2018; closed 29 Mar 2019 (BBJ).
- Alpha Bank Albania: signed Dec 2021; EUR 55m (SeeNews, Retail Banker International).
- Sejko's own CV: Deputy General Manager at Societe Generale Albania, immediately before 2015.
The record
Four lists kept apart on purpose: what is established, what is only alleged, what is still open, and what those concerned said.
What is proven (1)
Established by documents or official records, as stated in the research. A recorded charge or indictment proves only that the accusation was made.
- OTP bought both units (OTP releases and SeeNews).
What is alleged (0)
Accusations, not findings. Those accused are presumed innocent.
Nothing recorded in this list.
Open questions (2)
- Whether Sejko had any role in the SG Albania sale (he left in 2015; no source found).
- Exact approval dates for the Alpha absorption.
Responses (1)
Responses of the people and organisations concerned, as recorded.
- None found.
Figures
Money trail →OTP purchase of Alpha Bank Albania
€55,000,000
contractSource label: VerifiedStated definition: Headline price, signed Dec 2021; completion date per SeeNews (2022).
Date: Dec 2021 · Payer: OTP Bank · Payee: Alpha Bank (Greece)
- OTP Bank signs deal to buy Alpha Bank's Albanian unit (opens in a new tab)Retail Banker International · Dec 2021 · journalism · EN
Timeline
Full timeline →Other
OTP closes acquisition of Societe Generale Albania (later Banka OTP Albania)
Agreement Aug 2018; closing 29 March 2019 (BBJ). Sejko was then in the governor's office and had been deputy GM at SG Albania until 2015.
Other
OTP signs agreement to buy Alpha Bank Albania for EUR 55m
Regulatory approvals needed; completed later (approval of absorption by BoA, date not confirmed).
Sources for this record
Every source the research cites for this record, grouped by its source label. 5 sources.
Source label: VerifiedVerified · 5 sources
- Publisher
- SeeNews
- Date
- 2022
- Publisher
- Budapest Business Journal
- Date
- Mar 2019
- Publisher
- SeeNews
- Date
- unknown
- Publisher
- Bank of Albania
- Date
- 2024
- Publisher
- Retail Banker International
- Date
- Dec 2021