Eurobank and Alpha Bank are set to announce their merger and a joint capital raise of €1.75B...

|By:, SA News Editor

Eurobank and Alpha Bank are set to announce their merger and a joint capital raise of €1.75B tomorrow. The combination would create Greece's largest lender, with assets of €150B, but a market cap of just €2B. EU and Greek officials have pressed for such alliances, believing pairing struggling entities can create one strong institution.