Alpha Bank seeks to Call off merger with Eurobank Alpha Bank Greece΄s third largest lender by assets, said Wednesday that it will call a meeting of shareholders to scrap merger plans with cross-town rival EFG Eurobank Ergasias. In a filing to the Athens stock exchange, Alpha said it had already communicated with the management of Eurobank informing them of its intentions, according to Dow Jones Newswires. Shareholders of the two banks had approved the merger at twin meetings in November last year. The merger would have created Greece΄s largest bank and was widely seen as a first step in an expected consolidation of the Greek banking sector. But Greek banks are facing enormous losses after Greece΄s government implemented a massive EUR100 billion debt write-down aimed a easing the country΄s public sector debt burden.