Alpha Bank started up in Cyprus in 1998, when it acquired Lombard NatWest Bank, which was subsequently renamed to Alpha Bank Limited and then Alpha Bank Cyprus Ltd. Alpha Bank Cyprus Ltd provides personal and business banking products and services to domestic and international customers.
In 2022, Alpha Bank Cyprus Limited achieved the position of 4th largest bank in Cyprus with a market share of 4.63%; its total assets dropped by 4.99%.
Additionally, the bank became the 5th profitable bank in relation to its total assets showcasing 0.22% return on assets in 2022.
Also the lender held the 7th position regarging its loans-to-deposits (L/D) registering 47.63% L/D ratio in 2022.
Deposits up to 100,000 EUR are covered by Cyprian deposit guarantee scheme in Alpha Bank Cyprus Limited.
Becoming a client of Alpha Bank Cyprus Limited can be done in a few steps:
Alpha Bank Cyprus Limited performs client's identity verification via branch visit.
In 2023 total assets of Alpha Bank Cyprus Limited were 3,388.41 mln EUR. In 2023 the bank's net income was 64.04 mln EUR.
Alpha Bank Cyprus Limited protects deposits up to up to 100,000 EUR per depositor through Cyprus's deposit guarantee scheme. The scheme applies to all accounts made by natural persons (domestic and foreign), legal entites (domestic and foreign). The bank participates in the Deposit Guarantee Fund for Banks, making regular contributions into it.
Alpha Bank Cyprus Limited is a member of Alpha Bank (Greece).
Alpha Bank Cyprus Limited is headquartered in NICOSIA.