Alpha Bank to expand further in Romania

Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg,

The two CEOs, who have created the third-largest bank in Romania, said they believe in Romania's prospects and see plenty of value there.

Psaltis said the collaboration with UniCredit was a way to extract more value, while maintaining an investment in a larger bank, which will serve Greek customers operating in the country.

"Romania is a great market," said Psaltis, adding that in the event of expansion in the country, it would be a joint pursuit.

"If and when there is an opportunity, we would also cooperatively consider the possibility of acquisitions," added Orcel.

The cooperation with Alpha Bank is one of the smallest negotiations that Orcel has managed....