Greece's Postal Banking Tradition Revived Through Alpha Bank and Hellenic Post Partnership
In a strategic move that harks back to one of Greece's most trusted financial institutions, Alpha Bank and the Hellenic Post (ELTA) have joined forces to offer banking services through the country's national postal network. This partnership effectively breathes new life into the legacy of the Greek Postal Savings Bank, which operated for over a century-from 1900 until its closure in 2013-and held a special place in the country's financial and social fabric. Under the agreement, Alpha Bank will provide an exclusive suite of banking products and value-added financial services through ELTA's 1,100 service points across Greece. This collaboration gives the Hellenic Post an opportunity to evolve beyond its traditional role as a mail carrier and enter the financial services sector, leveraging its vast physical presence across both urban centers and remote areas of the country. The initiative is led by Alpha Bank CEO Vassilis Psaltis and...
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