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Alpha Bank - Bulgaria Branch (Bulgaria)

Main Activities: Commercial Banking
Full name: Alpha Bank - Bulgaria Branch Profile Updated: September 13, 2017
Buy our report for this company USD 19.99 Most recent financial data: 2015 Available in: English & Bulgarian Download a sample report

The Bulgarian subsidiary of Greece's second largest lender, Alpha Bank, is a successor of the local network of Greece's Ionian and Popular Bank. Ionian and Popular Bank launched its first branch in Sofia in September 1995, five months after receiving a full banking licence from the Bulgarian central bank. The initial goal of the branch was to serve corporate clients offering capital transfer, credit facilities and deposits.
In 1996, Ionian bank opened two new branches in Bulgaria bringing its total presence in the country to three. In December 2000, the branch network was renamed into Alpha Bank – Sofia, after Ionian and Popular Bank merged with Alpha Bank in April same year. Alpha Bank operates more than 60 branch offices throughout the country. Eurobank Bulgaria AD takes control over Alpha-bank signing a contract for transfer of the business enterprise and the activity of the bulgarian affiliate in March 2016. According to the contract all of Alpha-bank Bulgaria rights and obligations of the contracts with clients are now Eurobank Bulgaria AD obligations.

Headquarters
99 Tsarigradsko Shose Blvd.
Sofia; Sofia - city; Postal Code: 1113

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Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
May 23, 1995
Key Executives
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Chairman of the Board of Directors
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General Manager
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General Manager
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Managing Director
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Legal Representative
Ownership Details
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100%
Company Performance
Financial values in the chart are available after Alpha Bank - Bulgaria Branch report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net interest income
-21.46%
Net fee and commission income
-8.24%
Operating profit (EBIT)
-83.69%
Net Profit (Loss) for the Period
-814.25%
Total assets
-70.95%
Loans and advances to customers
-75.04%
Total equity
93.32%
Total Assets Trend
N/A
Net Interest Income Trend
-9.32%
Cost to Income Ratio
21.56%
Loans to Deposits Ratio
-7.4%
Loans to Asset Ratio
-11.43%

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