Alpha Bank (ALPHA.AT)

Last close As at 08/05/2024

EUR1.62

0.03 (1.89%)

Market capitalisation

EUR3,813m

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

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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 0.0 (5.2) 35.0
Relative (4.9) (9.7) 2.8
52 week high/low €1.8/€1.2

Financials

Alpha Bank (Alpha) reported €611m in net profit, a 66% jump from FY22, as the bank benefited from an elevated interest rate environment with little impact from deposit migration and strong cost control. Alpha delivered a normalised return on tangible equity (RoTE) of 12.9% in FY23, beating its own upgraded target of >11.5%. The increased profitability coupled with a robust capital position (fully loaded common equity tier 1 (FL CET1) of 14.3%) have enabled a proposed dividend of €0.05 a share, subject to regulatory approval.

Research

Further insights

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Alpha Bank – Investor Day 2023

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Alpha Bank: EKF 2023 QuickView

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