Business Review 2015 - page 8-9

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BUSINESS REVIEW 2015
Key Indicators
GroupData
AlphaBank
(inEuromillion)
Change%
2015
2014
BALANCESHEET
Total Assets
-5.0%
69,296
72,935
Loans andAdvances toCustomers (gross)
-0.3%
58,208
58,387
Allowance for Impairment Losses
36.1%
-12,022
-8,830
Due toCustomers
-26.7%
31,434
42,901
Total Equity
17.5%
9,054
7,707
PROFITAND LOSSACCOUNT*
Total Income
(1)
-3.9%
2,258
2,349
Total Expenses
-16.0%
-1,305
-1,554
Profit/(Loss) before Taxes and Impairment Losses
19.9%
953
795
Impairment Losses andProvisions toCover Credit Risk
63.5%
-3,020
-1,847
NegativeGoodwill fromAcquisitions
40
Profit/Loss after Income Tax
315.5%
-1,371
-330
INDICES
Net InterestMargin
(2)
3.1%
2.9%
Total Capital AdequacyRatio
(3)
16.8%
14.6%
TIER 1Capital AdequacyRatio
16.7%
14.3%
CREDITRATINGS
Moody’s
Caa3
Caa1
Standard&Poor’s
SD
CCC+
FitchRatings
RD
B-
OTHER INFORMATION
Branches
(4)
897
1,032
Number of Employees
(5)
13,847
15,193
(1) (1) Theprofit/(loss) from associate companies and joint ventures is included.
(2) TheRatiowas calculatedbasedonNII dividedby the average interest bearingAssets.
(3) TheRatio for 2014has been restated as presented in theConsolidatedFinancial Statements as at 31.12.2015.
(4) Thenumber of Branches in2015does not include82Branches of AlphaBank inBulgaria and 18Branches of AlphaBankA.D. Skopje that have
been characterised as discontinuedoperations. Thenumber of Branches in2014 includes the20Branches of theNetworkof Citibank inGreece.
(5) Thenumber of Employees in2015does not include the total number of Employees of theGroup’sUnits that havebeen characterised as
discontinuedoperations, i.e. 694 for AlphaBank’sBranch inBulgaria and238 for AlphaBankA.D. Skopje.
*The figures for the comparative year of theConsolidated IncomeStatement havebeen restateddue tomodificationof thepresentationof legal
expenses and thepresentationof AlphaBank’sBranch inBulgaria andAlphaBankA.D.Skopje as discontinuedoperations.
Thehistoryof AlphaBankbegins in 1879, when JohnF.
Costopoulos founded a commercial firm in the cityof
Kalamata, whichquickly undertookbanking activities,
especially in the foreignexchangemarket. In 1918, the
bankingdepartment of the “J.F. Costopoulos” firmwas
renamed to “Bankof Kalamata”. In 1924, theBankwas
renamed to “BanquedeCrédit Commercial Hellénique” and
its headquartersweremoved toAthens. In 1947, the title
was changed to “Commercial Credit Bank”, in 1972 to “Credit
Bank” and inMarch 1994 to “AlphaCredit Bank”. “Alpha
Credit Bank” grewgreatly as, in addition toofferingbanking
services andproducts, it developed into amajor Group
offering awide rangeof financial services.
In 1999, “AlphaCredit Bank” acquired51%of the shares of
the IonianBank and, in2000, themerger of the IonianBank
through absorptionby “AlphaCredit Bank”was approved. The
newenlargedBank that emergedoperateswith thedistinctive
title “AlphaBank”.
The transfer of theentireEmporiki Bank share capital from
Crédit AgricoleS.A. toAlphaBankwas completedon
February 1, 2013. On that date, theBank acquired control
of Emporiki Bankof GreeceS.A. and in June2013 the
legalmerger by absorptionof the latter by the formerwas
completed. Emporiki Bankwas founded in 1886 andwas
a historicbank, whichplayed a key role in theeconomic
development of Greeceduring the20th century.
The successful acquisitionof Emporiki Bank in2013was
followedby the acquisitionof Citibank’sGreekRetail Banking
operations, whichwas completed inSeptember 2014. This
initiative further strengthensAlphaBank’s position in the
Greekbanking system andenhances its offering to its affluent
customer base.
TheAlphaBankGroupoffers awide rangeof high-quality
financial products and services, inGreece and inSoutheastern
Europe.
AlphaBank is based inAthens, at 40, StadiouStreet,
and is enteredon theSociétéAnonymesRegisterwith
No6066/06/B/86/05 andon theGeneral Electronic
Commercial RegistrywithNo223701000.
Brief History
1,2-3,4-5,6-7 10-11,12-13,14-15,16-17,18-19,20-21,22-23,24-25,26-27,28-29,...120
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