EFG Eurobank Ergasias and Alpha Bank are planning to merge, The Wall Street Journal reports. The newly formed entity will have about €150 billion in total assets and approximately €80 billion in deposits. The market capitalization of the merged bank, which is likely to be managed by Alpha Bank Chairman Yannis Costopoulos, will total €2.5 billion. The new venture is also expected to receive a capital injection of €2 billion.
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