
Last update at 2026-06-03T15:21:00Z
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Questor: Forget what you know, Greek banks are back
Sun 21 Jul 24, 07:00 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 904.00M | 818.00M | 780.00M | 644.18M | -2928.72500M |
| Minority interest | - | 0.00000M | -0.30800M | -0.30700M | -0.08600M |
| Net income | 943.00M | 654.00M | 618.00M | 397.72M | -2872.93000M |
| Selling general administrative | 117.00M | 106.00M | 132.00M | 218.87M | 273.92M |
| Selling and marketing expenses | 26.00M | 27.00M | 22.00M | 25.24M | 22.66M |
| Gross profit | 2196.00M | 2196.00M | 2108.00M | 2279.18M | -365.06600M |
| Reconciled depreciation | 170.00M | 207.00M | 174.08M | 220.28M | 264.62M |
| Ebit | 904.00M | 818.00M | 780.00M | 1225.88M | -2961.95500M |
| Ebitda | 1074.00M | 1016.00M | 954.00M | 1446.17M | -2697.33000M |
| Depreciation and amortization | 170.00M | 198.00M | 174.00M | 220.28M | 264.62M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 904.00M | 818.00M | 780.00M | 1225.88M | -2961.95500M |
| Other operating expenses | 3731.00M | 4141.00M | 3251.00M | 1012.09M | 1059.36M |
| Interest expense | 2439.00M | 2763.00M | 1923.00M | 564.57M | 511.64M |
| Tax provision | -15.00000M | 219.00M | 233.01M | 263.60M | -55.79500M |
| Interest income | 4037.00M | 4408.00M | 3575.96M | 1887.62M | 1887.54M |
| Net interest income | 1598.00M | 1645.00M | 1653.45M | 1323.05M | 1375.90M |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | -15.00000M | 221.00M | 226.00M | 263.60M | -55.79500M |
| Total revenue | 4635.00M | 4959.00M | 4031.00M | 2279.18M | -365.06600M |
| Total operating expenses | 1292.00M | 1378.00M | 1328.00M | 1012.09M | 1059.36M |
| Cost of revenue | 2439.00M | 2763.00M | 1923.00M | - | - |
| Total other income expense net | - | -186.00000M | -112.67800M | -581.70100M | 33.23M |
| Discontinued operations | - | - | - | 229.20M | -33.14400M |
| Net income from continuing ops | 919.00M | 597.00M | 540.11M | 380.59M | -2872.93000M |
| Net income applicable to common shares | - | - | - | 398.00M | -2906.16000M |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 77425.03M | 72075.00M | 73662.81M | 78018.69M | 73355.96M |
| Intangible assets | 432.82M | 438.00M | 466.57M | 474.68M | 478.18M |
| Earning assets | - | - | - | - | - |
| Other current assets | - | 240.00M | 197.40M | - | 3612.24M |
| Total liab | 69304.49M | 63886.00M | 66339.50M | 71741.24M | 67276.45M |
| Total stockholder equity | 8101.55M | 8173.00M | 7305.00M | 6259.09M | 6050.07M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | - | 51506.00M | -258.60700M | -278.98600M | -284.31100M |
| Common stock | 670.71M | 682.00M | 681.99M | 680.98M | 703.79M |
| Capital stock | 671.00M | 682.00M | 681.99M | 680.98M | 703.79M |
| Retained earnings | 1651.30M | 2175.00M | 1728.32M | 296.91M | -6366.25800M |
| Other liab | - | - | - | - | 2101.55M |
| Good will | 82.96M | - | - | - | 0.00000M |
| Other assets | - | 72075.00M | -23687.71900M | 41536.12M | 41422.41M |
| Cash | 3397.55M | 3276.00M | 5299.34M | 14369.21M | 13573.52M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 3986.30M | 51841.00M | 213.09M | 278.99M | 284.31M |
| Current deferred revenue | - | - | 18.05M | - | - |
| Net debt | 7267.91M | 406.00M | -5299.34400M | -10868.59900M | -10343.60700M |
| Short term debt | 3986.30M | - | 1289.29M | - | - |
| Short long term debt | - | - | - | - | - |
| Short long term debt total | 10665.46M | 3682.00M | 3446.01M | 3500.61M | 3229.91M |
| Other stockholder equity | 5800.53M | 5316.00M | 4772.32M | 5281.19M | 11712.54M |
| Property plant equipment | - | - | - | - | 737.81M |
| Total current assets | 7274.90M | 9501.00M | 10494.89M | 19763.34M | 19062.64M |
| Long term investments | 19400.00M | 18847.00M | 17970.67M | 15715.32M | 11654.92M |
| Net tangible assets | - | - | - | 5715.25M | 5571.89M |
| Short term investments | 3877.35M | 1038.00M | - | - | -0.00100M |
| Net receivables | - | 4947.00M | 5195.54M | 5394.14M | 5489.12M |
| Long term debt | - | - | - | - | - |
| Inventory | - | - | -14598.80000M | - | 393.23M |
| Accounts payable | 280.00M | 238.00M | 213.09M | 278.99M | 284.31M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | -20.99106M | 496.00M | 122.38M | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 2140.09M | 37940.00M | 67917.49M | -16719.23000M | -12870.91300M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 70150.13M | 62574.00M | 86855.64M | 16719.23M | 12870.91M |
| Capital lease obligations | - | - | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -218.00000M | -923.00000M | -2900.73700M | -2976.90200M | -944.11300M |
| Change to liabilities | - | - | - | 0.00000M | 0.00000M |
| Total cashflows from investing activities | -216.00000M | -923.00000M | - | - | -768.54400M |
| Net borrowings | 580.00M | 208.00M | - | - | 1329.17M |
| Total cash from financing activities | -25.00000M | 2724.00M | 406.33M | 322.70M | 2040.49M |
| Change to operating activities | - | - | - | - | -957.65500M |
| Net income | 815.49M | 816.00M | 773.11M | 644.18M | -2928.72500M |
| Change in cash | 411.00M | -1388.00000M | -7721.68900M | 446.59M | 4878.20M |
| Begin period cash flow | 3046.00M | 4434.00M | 12155.40M | 12869.10M | 7990.90M |
| End period cash flow | 3457.00M | 3046.00M | 4433.71M | 13315.69M | 12869.10M |
| Total cash from operating activities | 1668.45M | -3393.00000M | -5357.18400M | 3000.10M | 3691.71M |
| Issuance of capital stock | - | 0.00000M | 1.04M | 0.66M | 800.68M |
| Depreciation | 170.00M | 207.00M | 174.08M | 220.28M | 264.62M |
| Other cashflows from investing activities | 175.90M | 363.00M | - | - | 198.39M |
| Dividends paid | 174.82M | 61.00M | 0.62M | 3.03M | - |
| Change to inventory | - | - | - | - | - |
| Change to account receivables | - | - | - | - | - |
| Sale purchase of stock | -103.73753M | -55.00000M | -8.06000M | 3.03M | - |
| Other cashflows from financing activities | -255.36610M | 2632.00M | 333.12M | -128.25600M | -124.99700M |
| Change to netincome | - | - | - | - | 3748.54M |
| Capital expenditures | 266.07M | 153.00M | 150.25M | 140.21M | 71.86M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | 305.45M | -1759.00000M | -6496.98400M | 1999.80M | 2707.26M |
| Stock based compensation | - | - | - | - | - |
| Other non cash items | 547.50M | -2657.00000M | 192.60M | 135.83M | 3648.55M |
| Free cash flow | 1402.38M | -963.00000M | -5507.43300M | 2859.89M | 3763.56M |
Sector: Financial Services Industry: Banks - Regional
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) |
|---|---|---|---|---|---|---|---|
| ALBKY Alpha Bank SA |
-0.01 0.91% | 1.09 | 10.45 | 4.91 | 5.95 | 1.03 | 5.27 |
| HDB HDFC Bank Limited ADR |
0.01 0.04% | 23.55 | 20.81 | 20.96 | 0.11 | 4.77 | |
| CIHKY China Merchants Bank Co Ltd |
-0.425 1.38% | 30.39 | 7.78 | 7.65 | 0.56 | 0.90 | 3.62 |
| DBSDF DBS Group Holdings Ltd |
- -% | 51.34 | 15.29 | 14.41 | 5.84 | 2.36 | 10.40 |
| CIHHF China Merchants Bank Co Ltd Class H |
- -% | 5.92 | 6.10 | 5.67 | 0.44 | 0.77 | 3.43 |
Alpha Bank S.A., together with its subsidiaries, provides various banking and financial products and services in Greece and internationally. The company offers savings, premier, deposit, payroll, and payroll for pension accounts, as well as savings and sight account in foreign currency. It also provides personal, mortgage, home improvement, and green loans; debit, credit, and prepaid cards; digital wallets; health, home and car, credit card protection, online transactions, card theft, mortgage loan, personal insurance products, as well as unit-linked and insurance savings plans; and working capital facilities, corporate loans, leasing products, factoring services, letters of guarantee/letters of credit, trading, and wealth management services. In addition, the company offers investment products, such as mutual funds, investment plans and combined investment, equities and stock exchanges, bonds, and term deposits. Further, it provides various business banking products and services comprising business banking advisory, business cards, partner ecosystem, green solutions for small businesses, deposit products, financing solutions, sectorial programmes, insurance, Nexi POS, and international trade; international market products; corporate finance, custody, shipping, and other services; and mass payment, Nexi XPay, cash management, online legalization for legal entities, tools, online term deposit for business, myBusiness benefit, API portal, and e-banking. Additionally, the company offers supranational development and national development programmes, and recovery and resilience facility loans; gold personal and business banking services; GEM portfolio management and e-wealth services, and lombard loans. Alpha Bank S.A. was founded in 1879 and is based in Athens, Greece.
40 Stadiou Street, Athens, Greece, 102 52
| Name | Title | Year Born |
|---|---|---|
| Mr. Vassilios E. Psaltis | CEO & Exec. Director | 1968 |
| Mr. Lazaros A. Papagaryfallou | GM & CFO | 1971 |
| Mr. Stefanos N. Mytilinaios | GM & COO | 1973 |
| Ms. Marianna D. Antoniou | Mang. of Accounting & Tax | 1967 |
| Mr. Spyridon P. Tzamtzis | Exec. GM of IT & Chief Information Officer | 1965 |
| Iason Kepaptsoglou | Mang. of Investor Relations Division | NA |
| Kyriaki Ch. Inempolidi | Mang. of Marketing and PR Division | NA |
| Ms. Fragiski G. Melissa | GM & Chief HR Officer | 1968 |
| Mr. Spyros N. Filaretos | Chief Growth & Innovation Officer, GM of Growth & Innovation and Director | 1958 |
| Mr. Sergiu-Bogdan A. Oprescu | Gen. Mang. of International Network | 1963 |
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