Alpha Bank (ALPHA.AT)

Last close As at 18/06/2024

EUR1.55

0.03 (1.97%)

Market capitalisation

EUR3,643m

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

Alpha Bank — Q1 beat, buy-back proposal

Financials | Update

Alpha Bank — Full steam ahead

Financials | edison tv

Alpha Bank – executive interview

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 (9.5) (9.2) 0.5
Relative (5.1) (9.3) (9.7)
52 week high/low €1.8/€1.2

Financials

Alpha Bank’s Q124 profit after tax reached a record €211m, up by 90% y-o-y, 75% q-o-q and 8% above consensus. The beat was driven by better trading gains and impairment losses, with net interest income (NII) and operating expenses largely in line. Adjusted return on tangible equity (RoTE) was 13.5%, ahead of the full-year target of 13%. Alpha also announced a change in proposed FY23 profit distribution. The previously indicated €0.05 dividend (€122m distribution) is now proposed to be split 50:50 into a €0.025 dividend and €61m buy-back, subject to regulatory approval. Any buy-back would be value enhancing as the shares trade at only 60% of tangible book value per share (TNAV).

Research

Flash note

Financials

Alpha Bank — Q1 beat, buy-back proposal

Update

Financials

Alpha Bank — Full steam ahead

edison tv

Financials

Alpha Bank – executive interview

Further insights

insight

Financials

Alpha Bank – Investor Day 2023

insight

Financials

Alpha Bank: EKF 2023 QuickView

Thematics

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Financials

South African life assurers: Where is the growth?

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Financials

IFRS 17: Impact on life assurance companies

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Financials

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