Alpha Bank Romania announces the signing of a business transfer agreement with Orange Money Romania, which concerns the takeover of retail operations and includes the customer portfolio, digital assets (mobile application), credit card portfolio and employees.

By integrating the client portfolio of Orange Money Romania, Alpha Bank Romania significantly expands its client base and strengthens its market position.

Orange Money Romania customers will continue to use the existing products and services and will have access to the entire range of products and services offered by Alpha Bank Romania. At the same time, the bank will be able to provide consumers with top digital solutions due to the integration and development of the Orange Money mobile application.

The deal will be completed after receiving all approvals from the authorities involved and fulfilling the pre-conditions customary in such situations.