Alpha Bank

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ACB

A turbulent 20 years for Greek banks

The Greek banking system has radically changed over the past two decades. Mergers and acquisitions had already begun in the late 1980s, but it was two significant events 20 years ago that marked the beginning of a process that has led to the consolidation of the country's banking sector in the dominant "big four" (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank).

Funds go short on Greek banks

Greek analysts are concerned by foreign funds increasingly going short on Greek banks over the last month.
The trend became apparent in July and is based on debt rating firms' repeated warnings that the banking sector, with its nonperforming loans, remains one of the main drags on the economy.

Moody's ups Greek banks' deposit rating outlook to positive

Moody's changed its deposit rating on Greek banks Alpha, Eurobank and National to positive from stable, citing expectations of further improvement in asset quality, the ratings agency said on Tuesday.
Moody's said stronger than 2 percent annual economic growth in the coming years would support banks' efforts to reduce their large stock of sour loans.

BVB's Tanase: Bond trading, entering unprecedented diversification

The bond segment is entering a stage of unprecedented diversification for the local capital market as investors who have had access to corporate, municipal and government bonds so far can trade the first mortgage bonds, Bucharest Stock Exchange (BVB) CEO Adrian Tanase told a conference on Wednesday.

EBRD names Alpha most active issuing bank

The European Bank for Reconstruction and Development (EBRD) has named Alpha bank and the Most Active Issuing Bank in 2018 in Greece.
This is the second year in a row that Alpha has earned this distinction, which concerns the promotion of international trade in Greece and highlights Alpha's successful participation in the EBRD's Trade Facilitation Program.

Alpha profits slump in the first quarter

Alpha Bank, Greece's fourth largest lender, on Thursday reported reported a drop in profit in the first quarter, hurt by lower trading gains and a fall in net interest income.
Its net profit from continuing operations was 27.5 million euros, down from 65.4 million euros in the same period a year earlier.
It posted a net loss of 800,000 euros in the last quarter of 2018.

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