Alpha Bank was founded in 1879 by J.F. Costopoulos. Alpha Bank provides a broad range of banking and financial products and services, including retail and private banking, SMEs and business banking, corporate and investment banking, asset management, brokerage services, and real estate management. In September 1995, the Ionian and National Bank of Greece opened a branch in Sofia. In December 2000, as a result of the takeover of Ionian Bank by Alpha Bank, the Sofia branch was renamed Alpha Bank - Bulgaria branch. On March 1, 2016, Eurobank Bulgaria AD (Postbank) acquired the ongoing concern and the entire banking operations of the branch of Alpha Bank S.A. in Bulgaria.
In 2015, Alpha Bank S.A. - Bulgaria Branch achieved the position of 17th largest bank in Bulgaria with a market share of 1.22%; its total assets dropped by 70.95%.
Additionally, the bank became the 22nd profitable bank in relation to its total assets showcasing -0.53% return on assets and 10.41% return on equity in 2015.
Also the lender held the 13th position regarging its loans-to-deposits (L/D) registering 69.24% L/D ratio in 2015.
Deposits up to 100,000 EUR are covered by Greek deposit guarantee scheme in Alpha Bank S.A. - Bulgaria Branch.
Alpha Bank S.A. - Bulgaria Branch was the 17th largest bank in Bulgaria in terms of total assets. In 2015 its total assets were 1 063,96 mln BGN, providing the bank with the market share of 1.22%. In 2015 the bank's net income was -12,51 mln BGN.
Alpha Bank S.A. - Bulgaria Branch participates in the deposit guarantee scheme of Greece which applies to all deposit accounts made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Alpha Bank S.A. - Bulgaria Branch is a member of Hellenic Deposit and Investment Guarantee Fund (TEKE) and makes its contributions into it.
Alpha Bank S.A. - Bulgaria Branch is a member of Alpha Bank (Greece) and operated as a branch of Alpha Bank, S.A. (Greece).
Alpha Bank S.A. - Bulgaria Branch was located in Sofia.
Alpha Bank S.A. - Bulgaria Branch was authorized and supervised by the Bulgarian National Bank.
Alpha Bank S.A. - Bulgaria Branch provides products and services in the areas of retail banking, private banking, business banking, documentary operations, foreign exchange. Alpha Bank S.A. - Bulgaria Branch offers a range of products including current accounts, debit cards, credit cards, deposit accounts, consumer loans, mortgage loans, business loans.
Products and services offered by Alpha Bank S.A. - Bulgaria Branch are available at its branches and via its online banking system.
In 2015 total assets of Alpha Bank S.A. - Bulgaria Branch were 1,063.96 mln BGN. Decline compared to the previous period (2014) was -70.95%. The evolution of the total assets of Alpha Bank S.A. - Bulgaria Branch is shown at Chart 1 below.
Chart 1. Total Assets of Alpha Bank S.A. - Bulgaria Branch.
Recent changes in total assets of Alpha Bank S.A. - Bulgaria Branch and its main components are shown in Table 1.
2014 | 2015 | change (%) | |
---|---|---|---|
Cash and deposits with Central Banks | 241.1 | ||
Loans | 2,974.0 | 742.2 | -75.04% |
Total Assets | 3,663.1 | 1,064.0 | -70.95% |
Table 1. Recent changes in total assets of Alpha Bank S.A. - Bulgaria Branch (mln BGN).
Recent changes in total liabilities of Alpha Bank S.A. - Bulgaria Branch and its main components are shown in Table 2.
2014 | 2015 | change (%) | |
---|---|---|---|
Deposits | 3,880.7 | 1,071.8 | -72.38% |
Total Liabilities | 3,663.1 | 1,064.0 | -70.95% |
Table 2. Recent changes in total liabilities of Alpha Bank S.A. - Bulgaria Branch (mln BGN).
Recent changes in gross profit of Alpha Bank S.A. - Bulgaria Branch and its main components are shown in Table 3.
2014 | 2015 | change (%) | |
---|---|---|---|
Interest Income | 92.0 | 58.6 | -36.33% |
Interest Charges | -34.7 | -13.6 | -60.81% |
Commission Income | 13.3 | 12.1 | -8.74% |
Commission Charges | -0.9 | -0.8 | -15.47% |
Table 3. Recent changes in gross profit of Alpha Bank S.A. - Bulgaria Branch (mln BGN).
In 2015 net income of Alpha Bank S.A. - Bulgaria Branch was -12,507,000.00 BGN. Growth compared to the previous period (2014) was 814.25%. The evolution of the net income of Alpha Bank S.A. - Bulgaria Branch is shown at Chart 2 below.
Chart 2. Net Income of Alpha Bank S.A. - Bulgaria Branch.
Discover key identifiers of Alpha Bank S.A. - Bulgaria Branch including its BIC, MFI ID.
BIC: CRBABGSF
The BIC (also known as SWIFT code) for Alpha Bank S.A. - Bulgaria Branch is CRBABGSF. It is used in financial transactions like cross-border and SEPA payments, and helps identify the bank in global banking systems.
Key | Value |
---|---|
BIC | CRBABGSF |
Bank BIC Code | CRBA |
Country Code | BG (Bulgaria) |
Location Code | SF |
Branch Code | - |
MFI ID: BGCRBA9898
Alpha Bank S.A. - Bulgaria Branch’s MFI ID, BGCRBA9898, is assigned by the European Central Bank to identify the institution within the EU's financial system. The first two digits represent Bulgaria (BG), followed by the institutions's internal ID.
Key | Value |
---|---|
MFI ID | BGCRBA9898 |
Country Code | BG |
MFI Code | CRBA9898 |
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