Alpha Bank
Type	Bank
Founded	1879
Headquarters	Athens, Greece
Industry	Finance
Products	Financial Services
Revenue	2.76 Billion USD
Net income	0.79 Billion USD
Website	http://www.alpha.gr

Alpha Bank is the second largest bank in Greece with 450 branches throughout the country. It also has a subsidiary and branch in London, and branches and subsidiaries throughout the Balkans (see "International expansion" below). Image File history File links No higher resolution available. ... Image File history File links Flag_of_Greece. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... The United States dollar is the official currency of the United States. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... The United States dollar is the official currency of the United States. ... A Web site (or colloquially, Website) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP... “Banker” redirects here. ... This article is about the capital of England and the United Kingdom. ...

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 Popular Bank.
• In 2000 ACB absorbed the Ionian Popular Bank. In the same year ACB changed its name to Alpha Bank.
• In 2002 Alpha Bank's attempted merger with National Bank of Greece fell through.

International expansion Greece is often referred to as the cradle of Western culture and ancient Athens was considered its centre. ... This article covers the Greek civilization. ... Politics of Greece takes place in a framework of a parliamentary representative democratic republic, whereby the Prime Minister of Greece is the head of government, and of a pluriform multi-party system. ...

• 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. 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ...

• 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 (Emporiki Bank) 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% (see Alpha Bank Skopje).
• 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.
• In early 2005 Alpha Bank acquired 88.64% stake in Serbian Jubanka and changed its name to Alpha Bank Beograd.
• Alpha Bank also has an extensive branch network in Bulgaria, the foundation of which it inherited from Ionian and Popular Bank, which entered in 1994 with a representative office in Sofia.
• On November 24th, 2006, Alpha Bank announced that an agreement had been reached with Anadolu Group to create a strong franchise in the Turkish financial sector. According to a press release, through this partnership, "Alpha Bank enters a rapidly developing sector in a large and fast growing market. The Anadolu Group is one of the preeminent industrial concerns in Turkey and is also the majority owner of Abank (Alternatifbank). The transaction is valued at USD 492.5 million (Euro 384.3 million). Alpha Bank will ultimately contribute a cash consideration equal to half of said amount. The two parties will jointly establish a fifty-fifty holding company whose assets consist of the shares currently owned by the Anadolu Group in both Abank and Alease (Alternatiflease), that is 94% and 95% stakes respectively. The holding company will also own, indirectly, 100% of the brokerage firm Alternatif Yatirim, 45% of the listed closed-end investment fund Alternatif Yatirim Ortkaligi, as well as the head offices of the bank and the brokerage company, situated in premium locations of Istanbul," the press release said. ^[1]

In addition, Alpha Bank has a branch in London and a finance company, Alpha Finance US, in New York. 1993 (MCMXCIII) was a common year starting on Friday of the Gregorian calendar and marked the Beginning of the International Decade to Combat Racism and Racial Discrimination (1993-2003). ... The European Bank for Reconstruction and Development (EBRD) was founded in 1991 to promote private and entrepreneurial initiatives in the countries of central and eastern Europe and the Commonwealth of Independent States (CIS). ... 1994 (MCMXCIV) was a common year starting on Saturday of the Gregorian calendar, and was designated as the International Year of the Family and the International Year of the Sport and the Olympic Ideal by United Nations. ... This article is about the capital of England and the United Kingdom. ... The Emporiki Bank (Greek: Emporiki Trapeza) is a Greek banking service used primarily for trading. ... 1996 (MCMXCVI) was a leap year starting on Monday of the Gregorian calendar, and was designated the International Year for the Eradication of Poverty. ... Tirana (Albanian: Tiranë or Tirana) is the capital and largest city of the Republic of Albania. ... 1997 (MCMXCVII) was a common year starting on Wednesday of the Gregorian calendar. ... Year 1998 (MCMXCVIII) was a common year starting on Thursday (link will display full 1998 Gregorian calendar). ... Year 1999 (MCMXCIX) was a common year starting on Friday (link will display full 1999 Gregorian calendar). ... The church of St. ... For an explanation of terms related to Macedonia, see Macedonia (terminology). ... Alpha Bank Skopje (full name: Alpha Bank a. ... 2000 (MM) was a leap year starting on Saturday of the Gregorian calendar. ... Banca Monte dei Paschi di Siena SPA is perhaps the oldest surviving bank in the world. ... For other uses of Moldavia or Moldova, see Moldova (disambiguation). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Alpha Bank Beograd (full name: Alpha Bank a. ... Position of Sofia in Bulgaria Coordinates: Country Bulgaria Province Sofia-City Government  - Mayor Boyko Borisov Area  - City 1,349 km²  (520. ... For the Manfred Mann album, see 2006 (album). ...

Notes

See also

• List of banks
• List of banks in Greece
• List of Greek companies