The new store in Rafina is being developed as a state-of-the-art sales point of 1,472 sq.m.

Eurobank and Piraeus Bank have financed the issues.

The founders of the company maintain the remaining 40%.

The completion of the demerger is subject to the required approvals.

Alpha Bank’s performance has been strong and financial results reveal the strengths of the Greek franchise, according to the bank's statement.

Gross Profit in Q1’22 amounted to €74.9m, increased by 49.7% compared to Q1’21 (€50.1m).

The commercial real estate market in Greece has stabilised but remains depressed.