Alpha Bank

Not to be confused with Alfa Bank (disambiguation).
Alpha Bank S.A.
Αλφα Τράπεζα Α.Ε.
Anonymi Etairia
Traded as Athex: ALPHA
Industry Financial services
Founded 1879
Headquarters Athens, Greece
Number of locations
929 worldwide branches(Q3 2015) (627 Branches in Greece)
Key people
Vasileios Rapanos (Chairman)
Dimitrios Mantzounis (CEO)
Products Retail
Corporate Banking
Asset Management
Revenue Increase1.453 billion (Q3 2016)[1]
Decrease576.0 million (Q3 2016)[2]
Profit Increase€482.9 million (Q3 2016)[3]
Total assets Decrease€68.2 billion (Q3 2016)[4]
Total equity Decrease€8.50 billion (Q3 2016)[5]
Owner Hellenic Financial Stability Fund (11.01%)[6]
Number of employees
Decrease 13.847 (2015)[7]
Subsidiaries Alpha Bank Cyprus Ltd
Alpha Bank Romania
Alpha Bank Beograd
Alpha Bank Skopje
Alpha Bank Albania
Alpha Bank London
Alpha Insurance Ltd
Capital ratio 15.9% (CET1 Fully Loaded Basel III)

Alpha Bank is the fourth largest Greek bank by total assets but the largest by market capitalisation of 2.7 Billion Euro as of 2 December 2016. It has a subsidiary and branch in London, and branches and subsidiaries throughout Southeastern Europe (see "International expansion" below). Founded in 1879, it has been controlled by the Costopoulos family since the very beginning. Currently Ioannis Costopoulos, who is the grandson of the original founder John F. Costopoulos, and the nephew of Stavros Costopoulos, Foreign Minister in the government of Georgios Papandreou, is the honorary Chairman.

In 2013 Alpha Bank acquired the entire share capital of Emporiki Bank.

On 31 May 2013, the Bank proceeded to a successful recapitalisation with oversubscription of the required private-sector participation in the Rights Issue, which resulted in the preservation of Alpha Bank's private character.[8]

On 31 March 2014, Alpha Bank successfully completed its Euro 1.2 billion capital increase.[9]

On 17 April 2014, the Bank redeemed the total amount of the Hellenic Republic's Preference Shares.[10]

On 26 October 2014, Alpha Bank announced the successful completion of ECB’s Comprehensive Assessment in the Static Adverse Scenario with CET1 8.07% and Capital Surplus of Euro 1.3 billion. Based on the dynamic adverse assumptions, CET1 stands at 8.45% with Capital Surplus of Euro 1.8 billion.[11]

On 16 January 2015, Alpha Bank requested Emergency Liquidity Assistance (ELA) from the Bank of Greece.[12] Its total funding from the ECB (ELA and non-ELA) was €29.9 bn as at 30.9.2015.

On 17 July 2015 it sold its Bulgarian branches to Postbank (Bulgaria) the subsidiary of fellow Greek bank Eurobank Ergasias.


John F. Costopoulos, Painting by Georgios Jakobides, 1919

In Greece

International expansion

Alpha Bank Tower, Bucharest.
Building of the Alpha Bank in Cannon Street, London.

In addition, Alpha Bank has a branch in London and a finance company, Alpha Finance US, in New York. The latter does not exist anymore.[22]


Listing on the Athens Exchange

The company is listed on the Athens Exchange with stock symbol ALPHA; the ISIN is GRS015013006.[13] As of 11 August 2015 the number of securities outstanding and the number of securities listed is 12769059858 (around 12.7 billion).[13] The stock is one of the 25 stocks in the FTSE/Athex Large Cap index (11 August 2015).[23]

See also


  7. "FY2015 Results" (PDF). Alpha Bank. Retrieved 4 Mar 2016.
  8. "Greek Alpha Bank hits recap target, rights issue oversubscribed- sources". Retrieved 31 May 2013.
  9. "Alpha Bank buys back in full 940m euro worth of preference shares". Retrieved 17 April 2014. External link in |website= (help)
  10. "3rd Quarter Results". Retrieved 4 November 2014. External link in |website= (help)
  11. "Greece's Eurobank, Alpha Bank Ask Central Bank for Emergency Liquidity Assistance". Wall Street Journal. 2015-01-16. Retrieved 2015-01-16.
  12. 1 2 3 "ALPHA Stock Overview". Athens Exchange Group. 11 August 2015. Retrieved 11 August 2015.
  13. Alkman Granitsas, Stelios Bouras and Nektaria Stamouli. (14 March 2012). "2nd UPDATE: Greece's Alpha Bank To Call Off Merger With Eurobank". The Wall Street Journal. Dow Jones & Company.
  14. Fabio Benedetti-Valentini and Elisa Martinuzzi (17 October 2012). "Credit Agricole Exits Greece Taking Profit Hit on Unit". Bloomberg.
  15. "Nine Month 2014 Results: Profit after Τax at Euro 110.5 million". Retrieved 4 November 2014.
  16. "Alpha Bank SA undertakes the deposits of three Cooperative Banks". Reuters. 8 December 2013.
  17. "Alpha Bank to buy Citi's Greek retail assets". Retrieved June 2014. Check date values in: |access-date= (help); External link in |website= (help)
  18. "Turkish regulator blocks bank sale". Financial Times. 2007-08-10. Retrieved 2015-01-16.
  19. "Greece's Alpha Bank to buy Ukraine's Astra Bank". Reuters. 2008-03-27. Retrieved 2012-02-20.
  20. Merge and Acquire, The Ukrainian Week (9 October 2015)
  21. "Alpha Finance US Corporation". Retrieved 13 May 2011. External link in |website= (help)
  22. "FTSE/Athex Large Cap Index composition". Athens Exchanges Group. 10 August 2015. Retrieved 11 August 2015.

External links

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