FinPoint advises Alpha Bank A.E. on sale of its subsidiary JSC Astra Bank Ukraine to Delta Bank Group

Kyiv, July 19, 2013

On 19 July 2013, Alpha Bank A.E. (“Alpha Bank”) announced that it entered into an agreement with Delta Bank Group (“Delta Bank”) for the sale to the latter of shares in its subsidiary JSC Astra Bank Ukraine (“Astra Bank”) representing its entire share capital. The sale is to be carried out for a consideration of Euro 82 million. According to Alpha Bank’s announcement, the transaction is expected to close in the 4th quarter of 2013 and is subject to customary regulatory approvals.

FinPoint has acted as an exclusive investment-banking advisor to the seller in this transaction.
Since 2007, FinPoint has advised Alpha Bank on various strategic options in Ukraine, including its initial investment into Astra Bank in 2008.

About Astra Bank
Astra Bank was founded in 2007 by a group of Ukrainian entrepreneurs. In 2008-2010 Alpha Bank has consolidated full ownership of the bank. Astra Bank has 23 branches in Kyiv and Ukraine’s five largest cities, serving over 43,500 retail and 6,500 corporate customers. Astra Bank is a leading car lender in Ukraine with market share of ca. 5% according to independent market reports. According to National Bank of Ukraine, as of 1 April 2013, Astra Bank ranked #81 in terms of total assets (UAH 1.852 billion) among the 175 operating banks.

About Alpha Bank
The Alpha Bank Group is one of the leading Groups of the financial sector in Greece, with a strong presence in the Greek and international banking market. The Group offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. Alpha Bank is one of the largest banks of the private sector, with a wide network of over 1,200 service points in Greece and one of the highest capital adequacy ratios in Europe.

About FinPoint
FinPoint is an independent investment banking firm, focused on Ukraine and other CIS markets. FinPoint has exceptionally strong record in advising on transactions in the financial sector.

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