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.
Financials |
Flash note
Financials |
Flash note
Financials |
Update
Financials |
edison tv
Iason Kepaptsoglou
Head of IR
Vassilios Psaltis
CEO
% | 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 |
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.