Alpha Bank S.A. - Bulgaria Branch

Anna Mileiko Created by Anna Mileiko

Alpha Bank S.A. - Bulgaria Branch Logo

Address

99, Tsarigradsko Shosse Blvd., 1113, Sofia, Bulgaria

BIC

CRBABGSF

Overview

Category

Branches of foreign banks

Business Focus

universal banking

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.

Performance

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.

Deposit Protection

Deposits up to 100,000 EUR are covered by Greek deposit guarantee scheme in Alpha Bank S.A. - Bulgaria Branch.

Services

retail banking
private banking
business banking
documentary operations
foreign exchange

Products

current accounts
debit cards
credit cards
deposit accounts
consumer loans
mortgage loans
business loans

See Also

Ways to Bank

Alpha Bank S.A. - Bulgaria Branch delivered its products and services through both direct and indirect channels, namely:
branch branch
online banking online banking

Financials

Total Assets of Alpha Bank S.A. - Bulgaria Branch
Net_income of Alpha Bank S.A. - Bulgaria Branch
Market Share of Alpha Bank S.A. - Bulgaria Branch
Total Assets (2015)
1,063.96 mln BGN   (-70.95%)
Net Income (2015)
-12,507,000.00 BGN   (+814.25%)

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.

Deposit Guarantee

Guarantee Fund
Hellenic Deposit and Investment Guarantee Fund (TEKE)Hellenic Deposit and Investment Guarantee Fund (TEKE)
Protected Amount
up to 100,000 EUR
Eligible Depositors
natural persons
legal entities
Covered Accounts
all deposit accounts

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.

See Also

Member of Group

 Alpha Bank (Greece)

Headquarters

Alpha Bank, S.A. (Greece)

Alpha Bank S.A. - Bulgaria Branch is a member of Alpha Bank (Greece) and operated as a branch of Alpha Bank, S.A. (Greece).

Contacts

address99, Tsarigradsko Shosse Blvd., 1113, Sofia, Bulgaria
websitehttps://www.alphabank.bg

Alpha Bank S.A. - Bulgaria Branch was located in Sofia.

See Also

Bank Identifiers

BIC (SWIFT)
CRBABGSF
MFI ID
BGCRBA9898

Bank Supervision

Supervised By
Bulgarian National Bank

Alpha Bank S.A. - Bulgaria Branch was authorized and supervised by the Bulgarian National Bank.

Bank History

Close Date
March 2016

Business Summary

Services
retail banking
private banking
business banking
documentary operations
foreign exchange
Products
current accounts
debit cards
credit cards
deposit accounts
consumer loans
mortgage loans
business loans

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.

Ways to Bank

Business Channels
branch branch
online banking online banking

Products and services offered by Alpha Bank S.A. - Bulgaria Branch are available at its branches and via its online banking system.

Balance Sheet

Total Assets (2015)
1,063.96 mln BGN   (-70.95%)
Total Equity (2015)
-15,060,000.00 BGN   (-93.32%)

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.

Total Assets of Alpha Bank S.A. - Bulgaria Branch.

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).

Income Statement

Net Income (2015)
-12,507,000.00 BGN   (+814.25%)

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.

Net Income of Alpha Bank S.A. - Bulgaria Branch.

Chart 2. Net Income of Alpha Bank S.A. - Bulgaria Branch.

Market Share and Rank (among banks in Bulgaria)

Total Assets (2015)
17th (market share 1.22%)
Loans (2015)
15th (market share 1.37%)
Deposits (2015)
16th (market share 1.43%)

In 2015 Alpha Bank S.A. - Bulgaria Branch was ranked the 17th largest bank in Bulgariain terms of total assets, having 1.22% of the domestic market share. Alpha Bank S.A. - Bulgaria Branch also became # 15 in terms of loans (market share - 1.37%), # 16 in terms of deposits (market share - 1.43%).

Market share of Alpha Bank S.A. - Bulgaria Branch (among banks in Bulgaria)

Chart 3. Market share of Alpha Bank S.A. - Bulgaria Branch (among banks in Bulgaria)

Historical changes in Alpha Bank S.A. - Bulgaria Branch's domestic rank and market share over 2013-2015 are shown below:

YearRankMarket %
2015171.22 %
201494.30 %
2013104.26 %

TheBanks.eu identified several banks banks having the market shares and ranks closest to Alpha Bank S.A. - Bulgaria Branch listed below.

RankNameMarket %Total Assets
16 Municipal Bank AD1.38%2,367.53 mln BGN   (+9.91%)
17 Alpha Bank S.A. - Bulgaria Branch1.22%1,063.96 mln BGN   (-70.95%)
18 Bulgarian-American Credit Bank AD1.62%2,790.18 mln BGN   (+5.05%)

Identifiers of Alpha Bank S.A. - Bulgaria Branch

Discover key identifiers of Alpha Bank S.A. - Bulgaria Branch including its BIC, MFI ID.

BIC (Business Identifier Code)

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.

KeyValue
BIC CRBABGSF
Bank BIC Code CRBA
Country Code BG (Bulgaria)
Location Code SF
Branch Code -

MFI ID (Monetary Financial Institution Identifier)

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.

KeyValue
MFI ID BGCRBA9898
Country Code BG
MFI Code CRBA9898

Banks Similar to Alpha Bank S.A. - Bulgaria Branch

TheBanks.eu identified several banks similar to Alpha Bank S.A. - Bulgaria Branch based on various criteria, including:

  • country of incorporation
  • bank category
  • business focus
  • originating country
  • total assets (market share)

Bank Category
Commercial banks
Business Focus
universal banking
Total Assets
2,486.86 mln BGN   (+11.76%)

Bank Category
Commercial banks
Business Focus
universal banking
Total Assets
2,367.53 mln BGN   (+9.91%)

Bank Category
Commercial banks
Business Focus
universal banking
Total Assets
2,790.18 mln BGN   (+5.05%)

Bank Category
Branches of foreign banks
Business Focus
corporate and investment banking
Total Assets
1,746.41 mln BGN   (-4.69%)

Bank Category
Branches of foreign banks
Business Focus
corporate banking
Total Assets
728.39 mln BGN   (-16.56%)

TheBanks.eu Values Your Privacy

We use cookies to provide you with an excellent user experience. By clicking “Accept All”, you consent to our use of cookies.

Customize Cookies

We use cookies to ensure an excellent user experience and provide personalized information. Below you will find a detailed description of all the types of cookies we use.

Necessary Cookies

Required for essential site functions, such as secure system log-in or setting your preference parameters. Necessary cookies do not store any personal data.

Analytical Cookies

Required for site usage statistics, allow the analysis of indicators such as the number of visits, traffic sources, etc.

Advertising Cookies

Required to provide personalized advertising based on visited pages and analyze ad campaign efficiency.