Alpha Bank

Overview
Price performance
Financials
Research
Sector insights
Thematics

Founded in 1879, Alpha Bank is the third largest Greek bank with assets totalling €74bn in June 2023. Aside from Greece, the bank has operations in Cyprus, Romania, Luxembourg and the United Kingdom, providing an array of financial services including retail and corporate banking, life insurance, investment services and real estate management.

Latest Insights

Financials |
Flash note

01.07.24

Alpha Bank — Moody’s raise to investment grade

Financials |
Flash note

20.05.24

Alpha Bank — Q1 beat, buy-back proposal

Financials |
Update

28.03.24

Alpha Bank — Full steam ahead

Financials |
edison tv

31.01.24

Alpha Bank – executive interview

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Sector

Financials

Equity Analyst

Rob Murphy

Managing Director, Financials and Investment Trusts

Key Management

Iason Kepaptsoglou

Head of IR
Vassilios Psaltis

CEO

Share Price Performance

Price Performance
%	1M	3M	12M
Actual	(13.3)	(14.6)	(3.3)
Relative	(9.8)	(14.2)	(13.7)
52 week high/low	€1.8/€1.2

Financials

On 27 June, Moody’s upgraded Alpha Bank’s long-term senior-unsecured debt rating by two notches to Baa3 (Ba2 previously), its long- and short-term deposit ratings by one notch to Baa3/P-3 (Ba1/NP previously) and its long- and short-term counterparty credit risk (CCR) rating by one notch to Baa2/P-2 (Baa3/P-3 previously). The move takes Moody’s key ratings on Alpha to investment grade for the first time in 14 years. This is a further positive development for Alpha as it continues to execute its strategy and demonstrate recurring profitability and capital generation. S&P, Fitch and Capital Intelligence currently assign BB- (sub-investment grade) long-term debt ratings to Alpha Bank.

Research

Flash note

Financials

20.05.24