Alpha's Eurobank Buy to Build Confidence, CEO Says

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Aug. 30 (Bloomberg) -- Demetrios Mantzounis, co-chief executive officer of Alpha Bank SA, says the bank's decision to buy EFG Eurobank Ergasias SA will create confidence and a "bigger, stronger" bank. Alpha said it will also increase capital by as much as 3.9 billion euros ($5.7 billion) to ride out a deepening recession and the country's sovereign debt crisis. (Source: Bloomberg)

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