Alpha Bank

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Alpha Bank

Image:alpha_bank.png

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Contacts

Web: http://www.alphabank.gr
Email:
Phone: +30 801 11 20 20 20
Fax:
Address: Athens, Greece
Geocode:
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Info

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Relations

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Alpha Bank is the second largest bank in Greece with 450 branches throughout the country.

The bank has offices in:

  • New York, (United States)
  • London and Jersey (United Kingdom)
  • Cyprus
  • Albania
  • Bulgaria
  • Romania
  • Macedonia
  • Serbia and Montenegro
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History

  • In 1879 John F. Costopoulos established a small commercial firm in the city of Kalamata.
  • In 1918 the banking department of the "J.F. Costopoulos" firm changed its name to Bank of Kalamata.
  • In 1924 the bank moved its headquarters to Athens and changed its name to Banque de Credit Commercial Hellenique.
  • In 1947 the bank changed its name to the Commercial Credit Bank (CCB).
  • In 1972 the CCB changed its name to Credit Bank (Trapeza Pisteos).
  • In 1994 Credit Bank changed its name to Alpha Credit Bank (ACB).
  • In 1999 ACB acquired 51% of the shares of the Ionian and Popular Bank.
  • In 2000 ACB absorbed the Ionian and Popular Bank. In the same year ACB changed its name to Alpha Bank.
  • In 2002 Alpha Bank attempted merger with National Bank of Greece fell through.

International expansion

  • In 1960 Commercial Credit Bank established a subsidiary in Cyprus that it may later have closed or sold.
  • In the early 1990s, the bank started on a program of international expansion, especially in the Balkans.
  • In 1993 Credit Bank and the EBRD established "Banca Bucureşti" in Romania, which commenced operations the next year. Credit Bank owned about 50% of the bank.
  • In 1994 ACB acquired Commercial Bank of London (from Commercial Bank of Greece) and renamed it Alpha Credit Bank London.
  • In 1996 ACB established a branch in Tirana, Albania, and followed that with three more branches.
  • In 1997 ACB established Alpha Credit Bank Jersey to promote private banking services.
  • In 1998 ACB acquired 82.5% of Lombard NatWest Bank in Cyprus and renamed it Alpha Bank Ltd.
  • In 1999 ACB acquired 65% of Kreditna Banka, Skopje, Republic of Macedonia. It now owns 84%.
  • In 2000 "Banca Bucureşti" changed its name to "Alpha Bank Romania" (ABR). Monte dei Paschi di Siena took a 5% share of the bank. Alpha Bank’s share became 63%. ABR itself acquired a 12.5% stake in Victoria Bank (est. 1989), the largest private bank in Moldavia.
  • Alpha Bank also has three branches in Serbia and Montenegro and a branch in Sofia, Bulgaria.
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News

News RSS feed
  • JP Morgan Lifts Alpha Bank Target, EPS - New Ratings
  • Greece: Eurobank Securities reiterates "market perform" ... - Reporter.gr
  • Greek shares close higher led by Alpha Bank, Hellenic Petroleum - Forbes
  • Greece's Alpha Bank FY net rises 23 pct to 502.2 mln eur, in line - Forbes
  • Greece: Alpha Bank's '05 Net Profits Up 23% - Reporter.gr
  • EARNINGS PREVIEW: Alpha Bank FY Net Profit Seen +24% - New Ratings
  • KBW Lifts Alpha Bank Target To EUR35 - New Ratings
  • Alpha Bank 4Q Results In Line With Forecasts - New Ratings
  • Citigroup Sees Alpha Bank 4Q Net Pft +31% - New Ratings
  • Citigroup Lifts Alpha Bank Target To EUR34 - New Ratings
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Related articles

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Image:Wikipedia-small.png Wikipedia article about Alpha Bank (search). This article uses material from that article.