JP Morgan has increased its share of Alpha Bank over the recent period, as shown by changes in voting rights ratios published by the ATHEX-listed Greek lender.
According to the latest briefing by Alpha Bank, as of Jan. 29, 2026, the US-based banking and investment giant indirectly controls more than 27.97 million common and nominal shares of the latter, which represent 1.21% of total voting rights.
Beyond its direct involvement, JPMorgan has also built up significant potential exposure through derivatives, which, subject to a physical settlement, could lead to the acquisition of an additional 139,749,960 shares, bringing its total voting rights to 6.04%.
Specifically, the structure of the financial products includes call options and put options with an exercise period from Jan. 25 to July 20, 2027. Call options correspond to 0.21%, while the put options correspond to 5.83%.
Combined with the shares already held, JPMorgan Chase & Co.’s total potential voting rights in Alpha Bank amount to 7.25%.
750 million euros from preferred bond
Meanwhile, Alpha Bank raised 750 million euros from investors this week via a new seven-year senior preferred bond, which attracted bids of more than 3.5 billion euros, signaling strong demand from institutional investors.
Specifically, the new senior preferred bond has a maturity of seven years, with a call option at six years, and is the longest-term issue Alpha Bank has floated to date.
