Alpha Bank Group

Alpha Bank's costs (as % of assets) rose 83.2% yoy to 3.28% in 4Q2015

By Helgi Analytics - February 21, 2018

Alpha Bank Group's cost to income ratio reached 89.6% in the fourth quarter of 2015, up from 55.1% when compared to the previous...

Alpha Bank's npls (as % of loans) rose 11.0% yoy to 39.2% in 4Q2015

By Helgi Analytics - July 24, 2019

Alpha Bank Group's non-performing loans reached 39.2% of total loans at the end of 2015-12-31, up from 35.3% compared to the prev...

Alpha Bank's capital adequacy ratio rose 15.1% yoy to 16.8% in 4Q2015

By Helgi Analytics - May 2, 2018

Alpha Bank Group's capital adequacy ratio reached 16.8% at the end of fourth quarter of 2015, up from 12.6% when compared to the ...

Profit Statement 2013 2014 2015
Net Interest Income EUR mil 1,658 1,919 1,932
Fee Income (As % Of Revenues) % 15.7 13.9 13.6
Other Income EUR mil 332 147 66.5
Total Revenues EUR mil 2,360 2,400 2,313
Staff Cost EUR mil 662 650 533
Operating Profit EUR mil 918 836 953
Provisions EUR mil 6,956 8,830 12,022
Net Profit EUR mil 2,922 -330 -1,372
Balance Sheet 2013 2014 2015
Interbank Loans EUR mil 2,566 2,772 1,976
Customer Loans EUR mil 51,678 49,557 46,186
Debt Securities EUR mil 12,068 12,065 10,960
Total Assets EUR mil 73,697 72,936 69,296
Shareholders' Equity EUR mil 8,368 7,707 9,054
Interbank Borrowing EUR mil 19,083 17,300 25,115
Customer Deposits EUR mil 42,485 42,901 31,434
Issued Debt Securities EUR mil 783 1,524 1,951
Ratios 2013 2014 2015
ROE % 63.9 -4.10 -16.4
ROA % 4.43 -0.450 -1.93
Costs (As % Of Assets) % 2.18 2.13 1.91
Costs (As % Of Income) % 61.1 65.2 58.8
Capital Adequacy Ratio % 16.4 14.6 16.8
Net Interest Margin % 2.51 2.62 2.72
Loans (As % Of Deposits) % 122 116 147
NPLs (As % Of Loans) % 48.0 47.9 53.7
Provisions (As % Of NPLs) % 24.7 31.6 38.4
Growth Rates 2013 2014 2015
Total Revenue Growth % 27.3 1.69 -3.64
Operating Cost Growth % -5.86 8.50 -13.1
Operating Profit Growth % 185 -9.00 14.1
Net Profit Growth % -369 -111 316
Customer Loan Growth % 27.6 -4.10 -6.80
Total Asset Growth % 26.3 -1.03 -4.99
Customer Deposit Growth % 49.3 0.979 -26.7
Shareholders' Equity Growth % 983 -7.90 17.5
Employees 16,934 15,193 13,847

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summary Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                        
Net Interest Income EUR mil           1,763 1,819 1,784 1,397 1,658    
Total Revenues EUR mil           2,383 2,249 2,284 1,854 2,360    
Operating Profit EUR mil           1,181 1,101 1,187 322 918    
Net Profit EUR mil           350 85.6 -3,810 -1,086 2,922    
balance sheet                        
Interbank Loans EUR mil           5,108 2,398 1,807 3,383 2,566    
Customer Loans EUR mil           51,400 49,305 44,876 40,495 51,678    
Debt Securities EUR mil ...         6,828 8,443 6,674 8,895 12,068    
Total Assets EUR mil           69,596 66,798 59,148 58,357 73,697    
Shareholders' Equity EUR mil           5,973 5,784 1,966 773 8,368    
Interbank Borrowing EUR mil           13,235 16,461 22,521 25,217 19,083    
Customer Deposits EUR mil           42,916 38,293 29,400 28,452 42,485    
Issued Debt Securities EUR mil           5,753 4,667 3,767 732 783    
ratios                        
ROE %           7.06 1.46 -98.3 -79.3 63.9    
ROA %           0.519 0.126 -6.05 -1.85 4.43    
Costs (As % Of Assets) %           1.78 1.68 1.74 2.61 2.18    
Costs (As % Of Income) %           50.4 51.1 48.0 82.6 61.1    
Capital Adequacy Ratio % ...         13.2 13.5 9.70 9.50 16.4    
Net Interest Margin %           2.61 2.67 2.83 2.38 2.51    
Interest Income (As % Of Revenues) %           74.0 80.8 78.1 75.4 70.2    
Fee Income (As % Of Revenues) %           15.9 14.8 12.9 14.7 15.7    
Staff Cost (As % Of Total Cost) %           47.0 47.8 48.9 35.7 45.9    
Equity (As % Of Assets) %           8.58 8.66 3.32 1.32 11.4    
Loans (As % Of Deposits) %           120 129 153 142 122    
Loans (As % Assets) %           73.9 73.8 75.9 69.4 70.1    
NPLs (As % Of Loans) % ... ... ...     6.66 10.4 21.2 26.7 48.0    
Provisions (As % Of NPLs) % ... ... ...     46.5 41.3 46.3 38.3 24.7    
valuation                        
Number Of Shares (Average) mil ... ... ... ... ... 452 534 534 534 6,640    
Earnings Per Share (EPS) EUR ... ... ... ... ... 0.774 0.160 -7.14 -2.03 0.440    
Book Value Per Share EUR ... ... ... ... ... 13.2 10.8 3.68 1.45 1.26    
Earnings Per Share Growth % ... ... ... ... ... ... -79.3 -4,549 -71.5 -122    
Book Value Per Share Growth % ... ... ... ... ... ... -18.0 -66.0 -60.7 -12.9    
income statement Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
income statement                        
Interest Income EUR mil           3,875 3,543 3,719 3,325 3,512    
Interest Cost EUR mil           2,112 1,725 1,936 1,928 1,855    
Net Interest Income EUR mil           1,763 1,819 1,784 1,397 1,658    
Net Fee Income EUR mil           379 333 294 272 370    
Other Income EUR mil           242 98.2 206 185 332    
Total Revenues EUR mil           2,383 2,249 2,284 1,854 2,360    
Staff Cost EUR mil           565 549 536 547 662    
Depreciation EUR mil           91.8 93.3 93.0 97.9 92.2    
Other Cost EUR mil           545 506 467 887 688    
Operating Cost EUR mil           1,202 1,148 1,096 1,532 1,442    
Operating Profit EUR mil           1,181 1,101 1,187 322 918    
Provisions EUR mil           1,643 2,220 4,872 4,607 6,956    
Extra and Other Cost EUR mil           2.96 -0.172 -0.294 0 -3,283    
Pre-Tax Profit EUR mil           502 216 -4,732 -1,345 2,278    
Tax EUR mil           153 130 -922 -259 -701    
Minorities EUR mil           -0.737 0.370 0.220 0.414 0.055    
Net Profit EUR mil           350 85.6 -3,810 -1,086 2,922    
growth rates                        
Net Interest Income Growth % ...         -2.00 3.18 -1.92 -21.7 18.6    
Net Fee Income Growth % ...         -18.4 -12.2 -11.5 -7.66 36.3    
Total Revenue Growth % ...         1.89 -5.61 1.52 -18.8 27.3    
Operating Cost Growth % ...         2.00 -4.45 -4.54 39.7 -5.86    
Operating Profit Growth % ...         1.79 -6.79 7.83 -72.9 185    
Pre-Tax Profit Growth % ...         -19.8 -56.9 -2,287 -71.6 -269    
Net Profit Growth % ...         -31.7 -75.5 -4,549 -71.5 -369    
market share                        
Market Share in Net Profit %           59.0 ... ... ... 59.5 ... ...
balance sheet Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
balance sheet                        
Cash EUR mil           3,815 4,124 2,104 1,437 1,688    
Interbank Loans EUR mil           5,108 2,398 1,807 3,383 2,566    
Customer Loans EUR mil           51,400 49,305 44,876 40,495 51,678    
Mortgage Loans EUR mil ...         13,754 14,289 14,186 13,998 20,228    
Consumer Loans EUR mil ...         4,869 4,660 4,506 4,461 5,179    
Corporate Loans EUR mil ...         32,046 30,867 29,527 25,379 31,736    
Debt Securities EUR mil ...         6,828 8,443 6,674 8,895 12,068    
Fixed Assets EUR mil           1,437 1,434 1,402 1,298 1,365    
Total Assets EUR mil           69,596 66,798 59,148 58,357 73,697    
Shareholders' Equity EUR mil           5,973 5,784 1,966 773 8,368    
Of Which Minority Interest EUR mil           17.4 13.4 11.7 11.9 23.6    
Liabilities EUR mil           63,623 61,014 57,182 57,585 65,330    
Interbank Borrowing EUR mil           13,235 16,461 22,521 25,217 19,083    
Customer Deposits EUR mil           42,916 38,293 29,400 28,452 42,485    
Sight Deposits EUR mil ... ... ... ... ... ... ... ... ... ...    
Term Deposits EUR mil ... ... ... ... ... ... ... ... ... ...    
Issued Debt Securities EUR mil           5,753 4,667 3,767 732 783    
Other Liabilities EUR mil           1,719 1,594 1,494 3,184 2,979    
asset quality                        
Non-Performing Loans EUR mil ... ... ...     3,534 5,379 10,526 12,027 28,167    
Gross Loans EUR mil ...         53,043 51,525 49,748 45,102 58,634    
Provisions EUR mil           1,643 2,220 4,872 4,607 6,956    
growth rates                        
Customer Loan Growth % ...         1.37 -4.08 -8.98 -9.76 27.6    
Retail Loan Growth % ... ...       2.28 1.75 -1.35 -1.25 37.6    
Mortgage Loan Growth % ... ...       1.59 3.89 -0.721 -1.32 44.5    
Consumer Loan Growth % ... ...       4.27 -4.29 -3.29 -1.01 16.1    
Corporate Loan Growth % ... ...       0.686 -3.68 -4.34 -14.0 25.0    
Total Asset Growth % ...         6.63 -4.02 -11.5 -1.34 26.3    
Shareholders' Equity Growth % ...         51.6 -3.17 -66.0 -60.7 983    
Customer Deposit Growth % ...         0.867 -10.8 -23.2 -3.22 49.3    
ratios Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
ratios                        
ROE %           7.06 1.46 -98.3 -79.3 63.9    
ROA %           0.519 0.126 -6.05 -1.85 4.43    
Costs (As % Of Assets) %           1.78 1.68 1.74 2.61 2.18    
Costs (As % Of Income) %           50.4 51.1 48.0 82.6 61.1    
Capital Adequacy Ratio % ...         13.2 13.5 9.70 9.50 16.4    
Tier 1 Ratio % ...         11.6 11.8 8.40 8.90 16.1    
Net Interest Margin %           2.61 2.67 2.83 2.38 2.51    
Interest Spread % ...         2.37 2.43 2.63 2.30 2.30    
Asset Yield %           5.75 5.20 5.91 5.66 5.32    
Cost Of Liabilities % ...         3.38 2.77 3.28 3.36 3.02    
Interest Income (As % Of Revenues) %           74.0 80.8 78.1 75.4 70.2    
Fee Income (As % Of Revenues) %           15.9 14.8 12.9 14.7 15.7    
Other Income (As % Of Revenues) %           10.1 4.37 9.00 9.96 14.1    
Cost Per Employee USD per month ... ... ... ... ... 4,322 4,098 4,330 3,272 4,322    
Cost Per Employee (Local Currency) EUR per month ... ... ... ... ... 3,108 3,098 3,114 2,548 3,256    
Staff Cost (As % Of Total Cost) %           47.0 47.8 48.9 35.7 45.9    
Equity (As % Of Assets) %           8.58 8.66 3.32 1.32 11.4    
Loans (As % Of Deposits) %           120 129 153 142 122    
Loans (As % Assets) %           73.9 73.8 75.9 69.4 70.1    
NPLs (As % Of Loans) % ... ... ...     6.66 10.4 21.2 26.7 48.0    
Provisions (As % Of NPLs) % ... ... ...     46.5 41.3 46.3 38.3 24.7    
Provisions (As % Of Loans) % ...         3.20 4.50 10.9 11.4 13.5    
Cost of Provisions (As % Of Loans) %           1.32 1.76 12.6 3.90 4.17    
other data Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
other data                        
Branches ... ... ... ... ... 1,081 1,032 969 1,208 1,085    
Employees ... ... ... ... ... 15,163 14,765 14,337 17,880 16,934    
Sight (As % Of Customer Deposits) % ... ... ... ... ... ... ... ... ... ...    
Risk-Weighted Assets EUR mil ... ... ... ... ... 50,600 48,900 44,400 57,700 51,500    
NPL Formation (Mortgages) EUR mil ... ... ... ... ... ... ... ... 958 681    
NPL Formation (Consumer) EUR mil ... ... ... ... ... ... ... ... 683 347    
NPL Formation (Corporate) EUR mil ... ... ... ... ... ... ... ... 2,227 900    
NPL Formation (Greece) EUR mil ... ... ... ... ... ... ... 2,076 3,868 1,928    
ECB/ELA Funding EUR mil ... ... ... ...   11,400 21,000 19,500 24,800 17,200    
ECB/ELA Funding (As % Of Assets) % ... ... ... ...   16.4 31.4 33.0 42.5 23.3    

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Apr 2016
Statistical Dossier
Oct 2015
Statistical Dossier

Alpha Bank's net profit fell 41.3% yoy to EUR -622 mil in 4Q2015

By Helgi Analytics - February 19, 2018

Alpha Bank Group made a net profit of EUR -622 mil in the fourth quarter of 2015, down 41.3% when compared to the same period of last year. This implies a return on equity of -31.1%. Historically, the bank’s net profit reached an all time high of EUR 3,528 mil in...

Alpha Bank's corporate loans rose 3.41% yoy to EUR 30,966 mil in 4Q2015

By Helgi Analytics - April 26, 2018

Alpha Bank Group's loans reached EUR 58,208 mil in the fourth quarter of 2015, down from EUR 58,261 mil when compared to the previous quarter and down from EUR 58,387 mil when compared to the same period of last year. Historically, the bank’s loans ...

Alpha Bank's equity (as % of assets) rose 23.7% yoy to 13.1% in 4Q2015

By Helgi Analytics - October 7, 2019

Alpha Bank Group's Equity reached 8.81% of total assets in the 4Q2015, down from 8.99% for the previous year. As a share of net customer loans, the ratio amounted to 25.1% at the end of the fourth quarter of 2015. ...

Alpha Bank's net interest income fell 3.12% yoy to EUR 480 mil in 4Q2015

By Helgi Analytics - February 21, 2018

Alpha Bank Group generated total banking revenues of EUR 636 mil in the fourth quarter of 2015, up 15.8% when compared to the same period of last year and 9.2% when compared to the previous quarter. Historically, the bank’s revenues containing of interest, ...

Alpha Bank's customer loan growth fell 65.7% yoy to -6.80% in 4Q2015

By Helgi Analytics - July 24, 2019

Alpha Bank Group's customer loan growth reached -6.80% in 2015-12-31, down from -4.10% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 27.4% in 2013-12-31 and an all time low of -12.1% in 2012-09-30. In the...

Alpha Bank's npls (as % of loans) rose 12.1% to 53.7% in 2015

By Helgi Analytics - February 22, 2018

Alpha Bank Group's non-performing loans reached 53.7% of total loans at the end of 2015, up from 47.9% compared to the previous year. Historically, the NPL ratio hit an all time high of 53.7% in 2015 and an all time low of 3.86% in 2007. Provision coverage ...

Alpha Bank's employees fell 8.86% to 13,847 in 2015

By Helgi Analytics - February 22, 2018

Alpha Bank Group employed 13,847 persons in 2015, down 8.86% when compared to the previous year. Historically, the bank's workforce hit an all time high of 17,880 persons in 2012 and an all time low of 13,847 in 2015. Average cost reached USD 3,678 per month per ...

Alpha Bank's capital adequacy ratio rose 15.1% to 16.8% in 2015

By Helgi Analytics - May 4, 2018

Alpha Bank Group's capital adequacy ratio reached 16.8% at the end of 2015, up from 14.6% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 16.8% in 2015 and an all time low of 9.50% in 2012. The Tier 1 ratio amount...

Alpha Bank's net profit fell 316% to EUR -1,372 mil in 2015

By Helgi Analytics - March 7, 2018

Alpha Bank Group made a net profit of EUR -1,372 mil under revenues of EUR 2,313 mil in 2015, up -316% and -3.64% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of EUR 2,922 mil in 2013 and an all time low of ...

Alpha Bank's net interest margin rose 3.75% to 2.72% in 2015

By Helgi Analytics - February 23, 2018

Alpha Bank Group's net interest margin amounted to 2.72% in 2015, up from 2.62% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 3.17% in 2005 and an all time low of 2.38% in 2012. The average margi...

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Alpha Bank Group is a Greece-based financial group providing a wide range of financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management. The Bank was founded in 1879 and is headquartered in Athens, Greece. Alpha Bank operates as a subsidiary of Hellenic Financial Stability Fund

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Finance

Alpha Bank Group has been growing its revenues and asset by 0.559% and 0.737% a year on average in the last 5 years. Its loans and deposits have grown by -1.30% and -3.87% a year during that time and loans to deposits ratio reached 147% at the end of 2015. The company achieved an average return on equity of -26.8% in the last five years with net profit growing nan% a year on average. In terms of operating efficiency, its cost to income ratio reached 58.8% in 2015, compared to 63.1% average in the last five years.

Equity represented 13.1% of total assets or 19.6% of loans at the end of 2015. Alpha Bank Group's non-performing loans were 53.7% of total loans while provisions covered some 38.4% of NPLs at the end of 2015.

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