Alpha Bank（UI6）株式概要アルファ・サービス・アンド・ホールディングスS.A.は、その子会社とともに、ギリシャ国内および海外で様々な銀行・金融商品およびサービスを提供している。 詳細UI6 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長2/6過去の実績4/6財務の健全性4/6配当金3/6報酬当社が推定した公正価値より29%で取引されている 収益は年間13.44%増加すると予測されています 過去1年間で収益は46.3%増加しました リスク分析リスクチェックの結果、UI6 、リスクは検出されなかった。すべてのリスクチェックを見るUI6 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€4.0332.9% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-2b4b2016201920222025202620282031Revenue €3.6bEarnings €1.6bAdvancedSet Fair ValueView all narrativesAlpha Bank S.A. 競合他社CommerzbankSymbol: XTRA:CBKMarket cap: €39.2bProCredit HoldingSymbol: XTRA:PCZMarket cap: €496.5mUmweltBankSymbol: XTRA:UBKMarket cap: €152.3mMerkur PrivatBank KgaASymbol: XTRA:MBKMarket cap: €106.6m価格と性能株価の高値、安値、推移の概要Alpha Bank過去の株価現在の株価€4.0352週高値€4.8052週安値€2.61ベータ0.881ヶ月の変化18.41%3ヶ月変化22.29%1年変化49.81%3年間の変化161.66%5年間の変化286.47%IPOからの変化-99.46%最新ニュースReported Earnings • May 21First quarter 2026 earnings released: EPS: €0.066 (vs €0.081 in 1Q 2025)First quarter 2026 results: EPS: €0.066. Revenue: €540.0m (up 9.8% from 1Q 2025). Net income: €185.0m (flat on 1Q 2025). Profit margin: 34% (down from 37% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe.お知らせ • Apr 09Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million on April 7, 2026. The consideration of €20.2 in cash per share will be paid by Alpha Bank S.A. In related transaction, Alpha Bank entered into definitive share purchase agreements with certain shareholders of Alpha Trust for acquisition of 69.61% stake. Following completion of the Transaction and tender offer, Alpha Trust’s wealth management activities are expected to be integrated into Alpha Bank’s Private Banking division, further strengthening Alpha Bank’s client coverage capabilities and supporting the delivery of a comprehensive range of wealth management services to high net worth and institutional clients both within Greece and abroad. As part of the Transaction, Alpha Trust’s senior management, including its Founder and its CEO, are expected to remain engaged with the Bank in long-term leadership roles, ensuring continuity, supporting the integration and active involvement in the development and implementation by the Group of its asset management and wealth management local and international business strategy. Following the completion of the Tender Offer and provided that the Offeror and the Persons acting in Concert hold in aggregate Shares corresponding to at least 90% of the total number of voting rights in the Company, the Offeror shall exercise its squeeze - out rights. The transaction is subject to approval by regulatory board / committee and minimum tender. The transaction is expected to complete by end of second quarter of 2026. Axia Ventures Group Ltd. acted as financial advisor to Alpha Bank S.A. Q.A.S. Certified Auditors Accountants LTD acted as accountant to Alpha Bank S.A.お知らせ • Jan 23+ 3 more updatesAlpha Bank S.A. to Report First Half, 2026 Results on Jul 31, 2026Alpha Bank S.A. announced that they will report first half, 2026 results on Jul 31, 2026お知らせ • Jan 22Alpha Bank S.A., Annual General Meeting, Jun 26, 2026Alpha Bank S.A., Annual General Meeting, Jun 26, 2026.Buy Or Sell Opportunity • Aug 27Now 23% undervaluedOver the last 90 days, the stock has risen 17% to €3.51. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.お知らせ • Aug 12Alpha Bank Reportedly Embarks on Risk Transfer TransactionAlpha Bank S.A. (ATSE:ALPHA) has launched a risk transfer transaction. Italian bank, UniCredit (UCG.MI) will advise Alpha Bank on the EUR 1.2 billion risk transfer. The move will lead to the Greek bank selling a significant risk transfer transaction tied to a EUR 1.2 billion portfolio of corporate loans. UniCredit recently increased its stake in the Greek bank to around 20%.最新情報をもっと見るRecent updatesReported Earnings • May 21First quarter 2026 earnings released: EPS: €0.066 (vs €0.081 in 1Q 2025)First quarter 2026 results: EPS: €0.066. Revenue: €540.0m (up 9.8% from 1Q 2025). Net income: €185.0m (flat on 1Q 2025). Profit margin: 34% (down from 37% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe.お知らせ • Apr 09Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million on April 7, 2026. The consideration of €20.2 in cash per share will be paid by Alpha Bank S.A. In related transaction, Alpha Bank entered into definitive share purchase agreements with certain shareholders of Alpha Trust for acquisition of 69.61% stake. Following completion of the Transaction and tender offer, Alpha Trust’s wealth management activities are expected to be integrated into Alpha Bank’s Private Banking division, further strengthening Alpha Bank’s client coverage capabilities and supporting the delivery of a comprehensive range of wealth management services to high net worth and institutional clients both within Greece and abroad. As part of the Transaction, Alpha Trust’s senior management, including its Founder and its CEO, are expected to remain engaged with the Bank in long-term leadership roles, ensuring continuity, supporting the integration and active involvement in the development and implementation by the Group of its asset management and wealth management local and international business strategy. Following the completion of the Tender Offer and provided that the Offeror and the Persons acting in Concert hold in aggregate Shares corresponding to at least 90% of the total number of voting rights in the Company, the Offeror shall exercise its squeeze - out rights. The transaction is subject to approval by regulatory board / committee and minimum tender. The transaction is expected to complete by end of second quarter of 2026. Axia Ventures Group Ltd. acted as financial advisor to Alpha Bank S.A. Q.A.S. Certified Auditors Accountants LTD acted as accountant to Alpha Bank S.A.お知らせ • Jan 23+ 3 more updatesAlpha Bank S.A. to Report First Half, 2026 Results on Jul 31, 2026Alpha Bank S.A. announced that they will report first half, 2026 results on Jul 31, 2026お知らせ • Jan 22Alpha Bank S.A., Annual General Meeting, Jun 26, 2026Alpha Bank S.A., Annual General Meeting, Jun 26, 2026.Buy Or Sell Opportunity • Aug 27Now 23% undervaluedOver the last 90 days, the stock has risen 17% to €3.51. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.お知らせ • Aug 12Alpha Bank Reportedly Embarks on Risk Transfer TransactionAlpha Bank S.A. (ATSE:ALPHA) has launched a risk transfer transaction. Italian bank, UniCredit (UCG.MI) will advise Alpha Bank on the EUR 1.2 billion risk transfer. The move will lead to the Greek bank selling a significant risk transfer transaction tied to a EUR 1.2 billion portfolio of corporate loans. UniCredit recently increased its stake in the Greek bank to around 20%.お知らせ • Jul 23Vista Bank (România) S.A. completed the acquisition of Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA).Vista Bank (România) S.A. agreed to acquire Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA) on March 3, 2025. The transaction is expected to be completed in the second quarter of 2025 and is subject to approval by the competent authorities. Nadia Badea, Loredana Ralea, Radu Costin and Gabriel Toma of Badea Clifford Chance acted as legal advisor for Alpha Services and Holdings S.A. PWC acted as an accountant in the transaction. David & Baias acted as legal advisor in the transaction. Vista Bank (România) S.A. completed the acquisition of Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA) on July 21, 2025.お知らせ • May 17Alpha Services and Holdings S.A. announces Annual dividend, payable on May 29, 2025Alpha Services and Holdings S.A. announced Annual dividend of EUR 0.0300 per share payable on May 29, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.お知らせ • Dec 19Alpha Services and Holdings S.A., Annual General Meeting, Jul 25, 2025Alpha Services and Holdings S.A., Annual General Meeting, Jul 25, 2025.お知らせ • Dec 18+ 3 more updatesAlpha Services and Holdings S.A. to Report Fiscal Year 2024 Results on Feb 28, 2025Alpha Services and Holdings S.A. announced that they will report fiscal year 2024 results on Feb 28, 2025Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: €0.054 (vs €0.066 in 3Q 2023)Third quarter 2024 results: EPS: €0.054 (down from €0.066 in 3Q 2023). Revenue: €529.4m (up 3.0% from 3Q 2023). Net income: €124.5m (down 20% from 3Q 2023). Profit margin: 24% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.036 (vs €0.072 in 2Q 2023)Second quarter 2024 results: EPS: €0.036 (down from €0.072 in 2Q 2023). Revenue: €518.0m (up 1.6% from 2Q 2023). Net income: €84.8m (down 50% from 2Q 2023). Profit margin: 16% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jul 19Inaugural dividend of €0.026 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 01 August 2024. This is the first dividend for Alpha Services and Holdings since going public. The average dividend yield among industry peers is 6.3%.Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.087 (vs €0.047 in 1Q 2023)First quarter 2024 results: EPS: €0.087 (up from €0.047 in 1Q 2023). Revenue: €497.1m (up 22% from 1Q 2023). Net income: €204.3m (up 84% from 1Q 2023). Profit margin: 41% (up from 27% in 1Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 10Full year 2023 earnings released: EPS: €0.36 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.36 (up from €0.16 in FY 2022). Revenue: €1.80b (up 8.9% from FY 2022). Net income: €697.5m (up 83% from FY 2022). Profit margin: 39% (up from 23% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.お知らせ • Jan 11Alpha Services and Holdings S.A. to Report First Half, 2024 Results on Aug 02, 2024Alpha Services and Holdings S.A. announced that they will report first half, 2024 results on Aug 02, 2024お知らせ • Jan 10+ 3 more updatesAlpha Services and Holdings S.A. to Report Nine Months, 2024 Results on Nov 08, 2024Alpha Services and Holdings S.A. announced that they will report nine months, 2024 results on Nov 08, 2024Buying Opportunity • Dec 20Now 22% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be €1.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.Reported Earnings • Nov 06Third quarter 2023 earnings released: EPS: €0.089 (vs €0.035 in 3Q 2022)Third quarter 2023 results: EPS: €0.089 (up from €0.035 in 3Q 2022). Revenue: €510.8m (up 22% from 3Q 2022). Net income: €208.1m (up 153% from 3Q 2022). Profit margin: 41% (up from 20% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.48 per share.New Risk • Oct 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.New Risk • Aug 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.082 (vs €0.049 in 2Q 2022)Second quarter 2023 results: EPS: €0.082 (up from €0.049 in 2Q 2022). Revenue: €504.2m (up 189% from 2Q 2022). Net income: €191.4m (up 68% from 2Q 2022). Profit margin: 38% (down from 65% in 2Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.Buying Opportunity • Aug 08Now 22% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.New Risk • Aug 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.Buying Opportunity • Jul 24Now 20% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 69% in the next 2 years.Buying Opportunity • Jun 23Now 22% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be €1.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 57% in the next 2 years.Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.94 per share.Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.91 per share.Reported Earnings • May 09First quarter 2023 earnings released: EPS: €0.047 (vs €0.052 in 1Q 2022)First quarter 2023 results: EPS: €0.047 (down from €0.052 in 1Q 2022). Revenue: €414.2m (up 1.4% from 1Q 2022). Net income: €111.1m (down 8.5% from 1Q 2022). Profit margin: 27% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.Reported Earnings • Mar 17Full year 2022 earnings released: EPS: €0.072 (vs €1.49 loss in FY 2021)Full year 2022 results: EPS: €0.072 (up from €1.49 loss in FY 2021). Net income: €168.8m (up €3.04b from FY 2021). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €1.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 60% over the last 3 years. Meanwhile, the company became loss making.お知らせ • Jan 26+ 4 more updatesAlpha Services and Holdings S.A. to Report First Half, 2023 Results on Aug 09, 2023Alpha Services and Holdings S.A. announced that they will report first half, 2023 results on Aug 09, 2023Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.035 (vs €0.075 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.035 (up from €0.075 loss in 3Q 2021). Revenue: €455.5m (up €455.1m from 3Q 2021). Net income: €82.3m (up €253.5m from 3Q 2021). Profit margin: 18% (up from net loss in 3Q 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.お知らせ • Nov 01Alpha Services and Holdings S.A. to Report Nine Months, 2022 Results on Nov 08, 2022Alpha Services and Holdings S.A. announced that they will report nine months, 2022 results on Nov 08, 2022Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: €0.049 (vs €1.32 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.049 (up from €1.32 loss in 2Q 2021). Net income: €114.0m (up €2.16b from 2Q 2021). Over the next year, revenue is forecast to grow 179%, compared to a 16% growth forecast for the Banks industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.お知らせ • Jul 07Alpha Services and Holdings S.A. to Report First Half, 2022 Results on Aug 02, 2022Alpha Services and Holdings S.A. announced that they will report first half, 2022 results on Aug 02, 2022お知らせ • Jul 02Alpha Services and Holdings S.A., Annual General Meeting, Jul 22, 2022Alpha Services and Holdings S.A., Annual General Meeting, Jul 22, 2022, at 10:00 E. Europe Standard Time. Agenda: To consider approval of the annual separate and consolidated financial statements of the financial year 2021, together with the relevant reports of the Board of Directors which are accompanied by the Statutory Certified Auditors' Report; to consider approval of the netting-off of the retained earnings / (losses) against the statutory reserve and the special reserve of article 31 of law 4548/2018; to consider approval, as per article 108 of law 4548/2018, of the overall management for the financial year 2021 and discharge of the Statutory Certified Auditors for the financial year 2021, in accordance with article 117 of law 4548/2018; to consider election of Statutory Certified Auditors for the financial year 2022 and approval of their remuneration; and to consider other matters.お知らせ • May 05Alpha Services and Holdings S.A. to Report Q1, 2022 Results on May 26, 2022Alpha Services and Holdings S.A. announced that they will report Q1, 2022 results on May 26, 2022お知らせ • Feb 18Alpha Services and Holdings S.A. to Report Fiscal Year 2021 Results on Mar 14, 2022Alpha Services and Holdings S.A. announced that they will report fiscal year 2021 results at 3:20 PM, Coordinated Universal Time on Mar 14, 2022Reported Earnings • Aug 28Second quarter 2021 earnings released: €1.32 loss per share (vs €0.063 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €392.6m (up 17% from 2Q 2020). Net loss: €2.04b (down €2.14b from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.お知らせ • Jun 23Davidson Kempner European Partners, LLP completed the acquisition of Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E.Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on November 23, 2020. Davidson Kempner European Partners, LLP entered into a definitive agreement to acquire 51% stake in the Mezzanine and Junior securitization notes of the Galaxy NPL of Alpha Bank A.E. and 80% stake in Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on February 22, 2021. As regards the remaining 49%, Alpha Bank S.A. will retain 5% of the Mezzanine and Junior securitization notes, to comply with risk retention rules, while Alpha Services and Holdings S.A. intends to distribute 44% of the remaining Mezzanine and Junior securitization notes to its shareholders. The agreement values 100% of the enterprise value of New Cepal at €267 million and the consideration includes an earn-out of up to €68 million and the contingent element of up to €17 million, if the transaction is on a levered basis. The consideration for Galaxy NPL is payable in cash, at an aggregate valuation for 100% of those notes of €40 million. Galaxy NPL of Alpha Bank A.E. is €10.8 billion portfolio. Alpha Bank, acting as an arranger of a financing syndicate, has agreed with Davidson Kemper the key terms of a long term funding facility of up to €120 million, which may be drawn at the sole discretion of Davidson Kempner. Davidson Kempner European Partners, LLP was selected as preferred bidder for the transaction. Post completion, Artemios Theodoridis and Theodore Athanassopoulos will continue managing New Cepal in their positions of Executive Chairman and Chief Executive Officer, respectively. Transaction completion and closing following receipt of all regulatory approvals are expected to take place towards the end of the first quarter of next year. As of February 22, 2021, the transaction is expected to close in the second quarter of 2021. Deutsche Bank acted as financial advisor to Alpha Bank. Alantra Corporate Portfolio Advisors International Limited, Axia Ventures Group Ltd., Citigroup Global Markets Limited and PricewaterhouseCoopers Business Solutions S.A. acted as Financial Advisers for Alpha Bank. Citigroup Global Markets Limited also acted as fairness opinion provider to Alpha Bank. Allen & Overy LLP and White & Case advised Alpha Bank on international legal matters and Zepos & Yannopoulos and PotamitisVekris advised Alpha Bank on Greek law matters. UBS acted as financial advisor to Davidson Kempner. Davidson Kempner European Partners, LLP completed the acquisition of Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on June 22, 2021. As per closing, The agreement values 100% of the enterprise value of New Cepal at €262 million, including a contingent element of €11 million if the transaction is on a levered basis and an earn-out of up to €68 million linked to the achievement of certain targets. Alpha Bank, acting as an arranger of a financing syndicate, has agreed with Davidson Kemper the key terms of a long term funding facility of up to €105 million. As a result, the implied equity value of 80% of new CEPAL stands at €120 million approximately, including the contingent element above, and represents the price for the sale of the respective shares. An amount of €48 million will be paid within 18 months.Reported Earnings • May 26First quarter 2021 earnings released: €0.18 loss per share (vs €0.007 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €159.9m (down 36% from 1Q 2020). Net loss: €282.2m (loss widened €271.3m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Apr 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.22, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.92 per share.Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to €1.09, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.84 per share.Reported Earnings • Mar 25Full year 2020 earnings released: EPS €0.067 (vs €0.068 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €1.27b (down 5.3% from FY 2019). Net income: €103.7m (down 1.5% from FY 2019). Profit margin: 8.1% (up from 7.8% in FY 2019). The increase in margin was driven by lower expenses. Non-performing loans: 32.11% (down from 33.80% in FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.お知らせ • Mar 11Alpha Bank A.E. to Report Fiscal Year 2020 Results on Mar 23, 2021Alpha Bank A.E. announced that they will report fiscal year 2020 results at 5:20 PM, E. Europe Standard Time on Mar 23, 2021お知らせ • Jan 13LLC Silvinit-Transport and OOO Silvinit-Capital acquired Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA).LLC Silvinit-Transport and OOO Silvinit-Capital acquired Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA) on December 31, 2020. LLC Silvinit-Transport and OOO Silvinit-Capital completed the acquisition of Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA) on December 31, 2020.Is New 90 Day High Low • Dec 05New 90-day high: €0.83The company is up 46% from its price of €0.57 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.40 per share.Reported Earnings • Nov 26Third quarter 2020 earnings released: EPS €0.028The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €346.9m (up 15% from 3Q 2019). Net income: €43.8m (up €39.0m from 3Q 2019). Profit margin: 13% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.お知らせ • Nov 24Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E.Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on November 23, 2020. Galaxy NPL of Alpha Bank A.E. is €10.8 billion portfolio. Davidson Kempner European Partners, LLP selected as preferred bidder for the transaction.お知らせ • Nov 21Alpha Bank Reportedly Picks Davidson Kempner as Preferred Bidder for $12 Billion Galaxy Bad LoansAlpha Bank A.E. (ATSE:ALPHA) has selected U.S. investment fund Davidson Kempner Capital Management LP as its preferred bidder to buy a $12 billion portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt, sources told Reuters. The portfolio, known as Galaxy Project and worth €10.8 billion ($12.81 billion), also includes the disposal of Alpha’s bad loan servicing unit, Cepal. Davidson Kempner has valued the assets at about €290 million, trumping a rival offer by U.S. investment giant Pacific Investment Management Company LLC (PIMCO), one of the sources said. Alpha Bank declined to comment while Davidson Kempner and PIMCO were not immediately available. The sale, which is expected to be finalised by the end of 2020, is the most significant attempt by a Greek bank to clean up its balance sheet amid fears that the proportion of soured loans to businesses and individuals will surge as a consequence of the COVID-19 crisis. The sale of the Galaxy portfolio is expected to reduce Alpha’s non-performing exposure (NPE) ratio to 24% from around 43% and its non-performing loan (NPL) ratio down to 13% from 30%, a banking source familiar with the deal said. Alpha launched the process early this year, drawing initial interest from a series of bidders including Italian firms Cerved CERV.MI and Credito Fondiario, the sources said. But only Davidson Kempner and PIMCO made binding offers and advanced to the final stages of the auction, with Alpha’s board selecting Davidson Kempner as its preferred bidder after a board meeting on November 20, 2020. Another source said Davidson Kempner’s bid came with an attractive earn-out scheme and limited contractual protections. The decision to negotiate a deal with Davidson Kempner could be announced early next week, the sources said.お知らせ • Nov 19An unknown buyer acquired 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA).An unknown buyer acquired 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA) on November 13, 2020. As per the transaction, Alpha Bank A.E disposed 13 million shares of Hellenic Company for Telecommunications and Telematic Applications S.A. An unknown buyer completed the acquisition of 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA) on November 13, 2020.お知らせ • Nov 10Alpha Bank A.E. to Report Nine Months, 2020 Results on Nov 26, 2020Alpha Bank A.E. announced that they will report nine months, 2020 results on Nov 26, 2020Is New 90 Day High Low • Nov 05New 90-day low: €0.43The company is down 19% from its price of €0.52 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.36 per share.Is New 90 Day High Low • Oct 15New 90-day low: €0.49The company is down 17% from its price of €0.59 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.36 per share.お知らせ • Sep 22Laskarides acquired a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A.Laskarides acquired a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A. on October 26, 2006. Alpha Bank SA and small investors sold 1% stake, Agapitos sold 6.2% stake, Eurobank sold 3.2% stake and Interamerican sold 4% stake in Hellenic Seaways. Laskarides now holds above 33.34% stake in Hellenic Seaways. Laskarides completed the acquisition of a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A. on October 26, 2006.お知らせ • Sep 09United Group B.V. completed the acquisition of 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT).United Group B.V. agreed to acquire 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT) on May 29, 2020. United Group B.V. will also, initially, acquire up to approximately 50% of the principal amount of the Convertible Bonds and all the Loan Receivables. Pursuant to the acquisition, Hellenic Company for Telecommunications and Telematic Applications will be joining United Group. The transaction will be subject to customary regulatory approvals, antitrust approval and standard conditions precedent. As of August 14, 2020, the European Commission approved the transaction. As of September 2, 2020, relevant regulatory conditions have been satisfied and the United Group will promptly proceed to the closing of the debt acquisition. Closing is expected to occur on or about September 8, 2020. Nomura Holdings, Inc. acted as financial advisor to Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT). Apostolos Gkoutzinis and Mark Stamp of Milbank LLP and Papapolitis & Papapolitis acted as legal advisors to United Group. United Group B.V. completed the acquisition of 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT) on September 8, 2020お知らせ • Jul 30+ 1 more updateAlpha Bank A.E. (ATSE:ALPHA) completed the acquisition of remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P.Alpha Bank A.E. (ATSE:ALPHA) agreed to acquire remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P. on November 25, 2019. Richard Langstaff, Cepal’s founder and Chief Executive Officer, announced on June 30, 2020, that he intends to step down from his position, effective July 1, 2020. Theodore Athanassopoulos, currently Alpha Bank’s Executive General Manager in charge of Wholesale NPEs will become CEPAL’s new Chief Executive Officer. Langstaff will remain Chairman of Cepal Hellas for the coming months. Artemios Theodoridis, currently Alpha Bank’s General Manager for NPE management and Treasury will become New Cepal’s Executive Chairman. Periklis Kitrilakis, Deputy Chief Executive Officer of Cepal. Both Kavvalos and Kitrilakis are due to become Deputy Chief Executive Officers at New Cepal. The transaction is expected to be completed in the coming months. Debashis Dey, Hyder Jumabhoy and Claudio Medeossi of White & Case LLP acted as legal advisors for Alpha Bank. Alpha Bank A.E. (ATSE:ALPHA) completed the acquisition of remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P. on July 22, 2020.お知らせ • Jul 24Alpha Bank A.E. to Report First Half, 2020 Results on Aug 27, 2020Alpha Bank A.E. announced that they will report first half, 2020 results on Aug 27, 2020株主還元UI6DE BanksDE 市場7D9.6%6.6%1.5%1Y49.8%42.9%3.3%株主還元を見る業界別リターン: UI6過去 1 年間で42.9 % の収益を上げたGerman Banks業界を上回りました。リターン対市場: UI6過去 1 年間で3.3 % の収益を上げたGerman市場を上回りました。価格変動Is UI6's price volatile compared to industry and market?UI6 volatilityUI6 Average Weekly Movement7.3%Banks Industry Average Movement3.9%Market Average Movement5.9%10% most volatile stocks in DE Market13.1%10% least volatile stocks in DE Market2.8%安定した株価: UI6 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: UI6の 週次ボラティリティ ( 7% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト18796,709Vassilios Psaltiswww.alpha.grアルファ・サービス・アンド・ホールディングスS A.は、その子会社とともに、ギリシャ国内および海外で様々な銀行・金融商品およびサービスを提供している。同社はリテール、ホールセール、ウェルス・マネジメン ト、国際部門を通じて事業を展開している。普通預金、当座預金、定期預金、その他の預金商品を含む各種預金商品、デビットカード、クレジットカード、住宅ローン、消費者ローン、ビジネスローン、リース商品、ファクタリング・サービス、保証状／信用状などの信用供与、保険およびバンカシュアランス商品を提供している。また、運転資金や法人向けローン、コーポレート・ファイナンスなどの投資銀行業務、FX、債券、デリバティブ、金融市場などのインターバンク市場における取引執行サービスも提供している。さらに、ブローカー業務、不動産管理、ホテル・サービスも提供している。同社はリテール、中堅・大企業、海運会社や企業にサービスを提供している。アルファ・サービス・アンド・ホールディングスS A.は1879年に設立され、ギリシャのアテネに本拠を置く。もっと見るAlpha Bank S.A. 基礎のまとめAlpha Bank の収益と売上を時価総額と比較するとどうか。UI6 基礎統計学時価総額€9.55b収益（TTM）€819.00m売上高(TTM)€1.84b11.7xPER（株価収益率1.1xPBR（株価純資産倍率UI6 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計UI6 損益計算書（TTM）収益€1.84b売上原価€0売上総利益€1.84bその他の費用€1.02b収益€819.00m直近の収益報告Mar 31, 2026次回決算日Jul 31, 2026一株当たり利益（EPS）0.36グロス・マージン100.00%純利益率44.46%有利子負債／自己資本比率102.2%UI6 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.1%現在の配当利回り32%配当性向View Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/16 19:22終値2026/06/16 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Alpha Bank S.A. 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。28 アナリスト機関Kirishanthan VijayarajahBarclaysRobert BateBarclaysManos ChatzidakisBeta Securities S.A.25 その他のアナリストを表示
Reported Earnings • May 21First quarter 2026 earnings released: EPS: €0.066 (vs €0.081 in 1Q 2025)First quarter 2026 results: EPS: €0.066. Revenue: €540.0m (up 9.8% from 1Q 2025). Net income: €185.0m (flat on 1Q 2025). Profit margin: 34% (down from 37% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe.
お知らせ • Apr 09Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million on April 7, 2026. The consideration of €20.2 in cash per share will be paid by Alpha Bank S.A. In related transaction, Alpha Bank entered into definitive share purchase agreements with certain shareholders of Alpha Trust for acquisition of 69.61% stake. Following completion of the Transaction and tender offer, Alpha Trust’s wealth management activities are expected to be integrated into Alpha Bank’s Private Banking division, further strengthening Alpha Bank’s client coverage capabilities and supporting the delivery of a comprehensive range of wealth management services to high net worth and institutional clients both within Greece and abroad. As part of the Transaction, Alpha Trust’s senior management, including its Founder and its CEO, are expected to remain engaged with the Bank in long-term leadership roles, ensuring continuity, supporting the integration and active involvement in the development and implementation by the Group of its asset management and wealth management local and international business strategy. Following the completion of the Tender Offer and provided that the Offeror and the Persons acting in Concert hold in aggregate Shares corresponding to at least 90% of the total number of voting rights in the Company, the Offeror shall exercise its squeeze - out rights. The transaction is subject to approval by regulatory board / committee and minimum tender. The transaction is expected to complete by end of second quarter of 2026. Axia Ventures Group Ltd. acted as financial advisor to Alpha Bank S.A. Q.A.S. Certified Auditors Accountants LTD acted as accountant to Alpha Bank S.A.
お知らせ • Jan 23+ 3 more updatesAlpha Bank S.A. to Report First Half, 2026 Results on Jul 31, 2026Alpha Bank S.A. announced that they will report first half, 2026 results on Jul 31, 2026
お知らせ • Jan 22Alpha Bank S.A., Annual General Meeting, Jun 26, 2026Alpha Bank S.A., Annual General Meeting, Jun 26, 2026.
Buy Or Sell Opportunity • Aug 27Now 23% undervaluedOver the last 90 days, the stock has risen 17% to €3.51. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
お知らせ • Aug 12Alpha Bank Reportedly Embarks on Risk Transfer TransactionAlpha Bank S.A. (ATSE:ALPHA) has launched a risk transfer transaction. Italian bank, UniCredit (UCG.MI) will advise Alpha Bank on the EUR 1.2 billion risk transfer. The move will lead to the Greek bank selling a significant risk transfer transaction tied to a EUR 1.2 billion portfolio of corporate loans. UniCredit recently increased its stake in the Greek bank to around 20%.
Reported Earnings • May 21First quarter 2026 earnings released: EPS: €0.066 (vs €0.081 in 1Q 2025)First quarter 2026 results: EPS: €0.066. Revenue: €540.0m (up 9.8% from 1Q 2025). Net income: €185.0m (flat on 1Q 2025). Profit margin: 34% (down from 37% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in Europe.
お知らせ • Apr 09Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million.Alpha Bank S.A. (ATSE:ALPHA) intends to launch a voluntary tender offer to acquire 30.39% stake in Alpha Trust Holdings S.A. (ATSE:ATRUST) for €19.3 million on April 7, 2026. The consideration of €20.2 in cash per share will be paid by Alpha Bank S.A. In related transaction, Alpha Bank entered into definitive share purchase agreements with certain shareholders of Alpha Trust for acquisition of 69.61% stake. Following completion of the Transaction and tender offer, Alpha Trust’s wealth management activities are expected to be integrated into Alpha Bank’s Private Banking division, further strengthening Alpha Bank’s client coverage capabilities and supporting the delivery of a comprehensive range of wealth management services to high net worth and institutional clients both within Greece and abroad. As part of the Transaction, Alpha Trust’s senior management, including its Founder and its CEO, are expected to remain engaged with the Bank in long-term leadership roles, ensuring continuity, supporting the integration and active involvement in the development and implementation by the Group of its asset management and wealth management local and international business strategy. Following the completion of the Tender Offer and provided that the Offeror and the Persons acting in Concert hold in aggregate Shares corresponding to at least 90% of the total number of voting rights in the Company, the Offeror shall exercise its squeeze - out rights. The transaction is subject to approval by regulatory board / committee and minimum tender. The transaction is expected to complete by end of second quarter of 2026. Axia Ventures Group Ltd. acted as financial advisor to Alpha Bank S.A. Q.A.S. Certified Auditors Accountants LTD acted as accountant to Alpha Bank S.A.
お知らせ • Jan 23+ 3 more updatesAlpha Bank S.A. to Report First Half, 2026 Results on Jul 31, 2026Alpha Bank S.A. announced that they will report first half, 2026 results on Jul 31, 2026
お知らせ • Jan 22Alpha Bank S.A., Annual General Meeting, Jun 26, 2026Alpha Bank S.A., Annual General Meeting, Jun 26, 2026.
Buy Or Sell Opportunity • Aug 27Now 23% undervaluedOver the last 90 days, the stock has risen 17% to €3.51. The fair value is estimated to be €4.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 42% in 2 years. Earnings are forecast to grow by 30% in the next 2 years.
お知らせ • Aug 12Alpha Bank Reportedly Embarks on Risk Transfer TransactionAlpha Bank S.A. (ATSE:ALPHA) has launched a risk transfer transaction. Italian bank, UniCredit (UCG.MI) will advise Alpha Bank on the EUR 1.2 billion risk transfer. The move will lead to the Greek bank selling a significant risk transfer transaction tied to a EUR 1.2 billion portfolio of corporate loans. UniCredit recently increased its stake in the Greek bank to around 20%.
お知らせ • Jul 23Vista Bank (România) S.A. completed the acquisition of Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA).Vista Bank (România) S.A. agreed to acquire Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA) on March 3, 2025. The transaction is expected to be completed in the second quarter of 2025 and is subject to approval by the competent authorities. Nadia Badea, Loredana Ralea, Radu Costin and Gabriel Toma of Badea Clifford Chance acted as legal advisor for Alpha Services and Holdings S.A. PWC acted as an accountant in the transaction. David & Baias acted as legal advisor in the transaction. Vista Bank (România) S.A. completed the acquisition of Alpha Leasing Romania IFN from Alpha Services and Holdings S.A. (ATSE:ALPHA) on July 21, 2025.
お知らせ • May 17Alpha Services and Holdings S.A. announces Annual dividend, payable on May 29, 2025Alpha Services and Holdings S.A. announced Annual dividend of EUR 0.0300 per share payable on May 29, 2025, ex-date on May 23, 2025 and record date on May 26, 2025.
お知らせ • Dec 19Alpha Services and Holdings S.A., Annual General Meeting, Jul 25, 2025Alpha Services and Holdings S.A., Annual General Meeting, Jul 25, 2025.
お知らせ • Dec 18+ 3 more updatesAlpha Services and Holdings S.A. to Report Fiscal Year 2024 Results on Feb 28, 2025Alpha Services and Holdings S.A. announced that they will report fiscal year 2024 results on Feb 28, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: €0.054 (vs €0.066 in 3Q 2023)Third quarter 2024 results: EPS: €0.054 (down from €0.066 in 3Q 2023). Revenue: €529.4m (up 3.0% from 3Q 2023). Net income: €124.5m (down 20% from 3Q 2023). Profit margin: 24% (down from 30% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 128% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 04Second quarter 2024 earnings released: EPS: €0.036 (vs €0.072 in 2Q 2023)Second quarter 2024 results: EPS: €0.036 (down from €0.072 in 2Q 2023). Revenue: €518.0m (up 1.6% from 2Q 2023). Net income: €84.8m (down 50% from 2Q 2023). Profit margin: 16% (down from 33% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 8.7% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 123% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jul 19Inaugural dividend of €0.026 per shareEligible shareholders must have bought the stock before 26 July 2024. Payment date: 01 August 2024. This is the first dividend for Alpha Services and Holdings since going public. The average dividend yield among industry peers is 6.3%.
Reported Earnings • May 17First quarter 2024 earnings released: EPS: €0.087 (vs €0.047 in 1Q 2023)First quarter 2024 results: EPS: €0.087 (up from €0.047 in 1Q 2023). Revenue: €497.1m (up 22% from 1Q 2023). Net income: €204.3m (up 84% from 1Q 2023). Profit margin: 41% (up from 27% in 1Q 2023). Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has only increased by 24% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 10Full year 2023 earnings released: EPS: €0.36 (vs €0.16 in FY 2022)Full year 2023 results: EPS: €0.36 (up from €0.16 in FY 2022). Revenue: €1.80b (up 8.9% from FY 2022). Net income: €697.5m (up 83% from FY 2022). Profit margin: 39% (up from 23% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth.
お知らせ • Jan 11Alpha Services and Holdings S.A. to Report First Half, 2024 Results on Aug 02, 2024Alpha Services and Holdings S.A. announced that they will report first half, 2024 results on Aug 02, 2024
お知らせ • Jan 10+ 3 more updatesAlpha Services and Holdings S.A. to Report Nine Months, 2024 Results on Nov 08, 2024Alpha Services and Holdings S.A. announced that they will report nine months, 2024 results on Nov 08, 2024
Buying Opportunity • Dec 20Now 22% undervaluedOver the last 90 days, the stock is up 21%. The fair value is estimated to be €1.95, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 7.0% per annum over the same time period.
Reported Earnings • Nov 06Third quarter 2023 earnings released: EPS: €0.089 (vs €0.035 in 3Q 2022)Third quarter 2023 results: EPS: €0.089 (up from €0.035 in 3Q 2022). Revenue: €510.8m (up 22% from 3Q 2022). Net income: €208.1m (up 153% from 3Q 2022). Profit margin: 41% (up from 20% in 3Q 2022). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 42% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Oct 25Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.41, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 216% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.48 per share.
New Risk • Oct 25New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company.
New Risk • Aug 10New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 27% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: €0.082 (vs €0.049 in 2Q 2022)Second quarter 2023 results: EPS: €0.082 (up from €0.049 in 2Q 2022). Revenue: €504.2m (up 189% from 2Q 2022). Net income: €191.4m (up 68% from 2Q 2022). Profit margin: 38% (down from 65% in 2Q 2022). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth.
Buying Opportunity • Aug 08Now 22% undervaluedOver the last 90 days, the stock is up 32%. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 72% in the next 2 years.
New Risk • Aug 03New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company.
Buying Opportunity • Jul 24Now 20% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 30% in 2 years. Earnings is forecast to grow by 69% in the next 2 years.
Buying Opportunity • Jun 23Now 22% undervaluedOver the last 90 days, the stock is up 37%. The fair value is estimated to be €1.92, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 10% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 57% in the next 2 years.
Valuation Update With 7 Day Price Move • Jun 12Investor sentiment improves as stock rises 15%After last week's 15% share price gain to €1.60, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 153% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.94 per share.
Valuation Update With 7 Day Price Move • May 24Investor sentiment improves as stock rises 20%After last week's 20% share price gain to €1.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Banks industry in Europe. Total returns to shareholders of 141% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €1.91 per share.
Reported Earnings • May 09First quarter 2023 earnings released: EPS: €0.047 (vs €0.052 in 1Q 2022)First quarter 2023 results: EPS: €0.047 (down from €0.052 in 1Q 2022). Revenue: €414.2m (up 1.4% from 1Q 2022). Net income: €111.1m (down 8.5% from 1Q 2022). Profit margin: 27% (down from 30% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings.
Reported Earnings • Mar 17Full year 2022 earnings released: EPS: €0.072 (vs €1.49 loss in FY 2021)Full year 2022 results: EPS: €0.072 (up from €1.49 loss in FY 2021). Net income: €168.8m (up €3.04b from FY 2021). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Banks industry in Europe. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 23% per year, which means it is well ahead of earnings.
Buying Opportunity • Mar 07Now 21% undervaluedOver the last 90 days, the stock is up 38%. The fair value is estimated to be €1.69, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 60% over the last 3 years. Meanwhile, the company became loss making.
お知らせ • Jan 26+ 4 more updatesAlpha Services and Holdings S.A. to Report First Half, 2023 Results on Aug 09, 2023Alpha Services and Holdings S.A. announced that they will report first half, 2023 results on Aug 09, 2023
Reported Earnings • Nov 10Third quarter 2022 earnings released: EPS: €0.035 (vs €0.075 loss in 3Q 2021)Third quarter 2022 results: EPS: €0.035 (up from €0.075 loss in 3Q 2021). Revenue: €455.5m (up €455.1m from 3Q 2021). Net income: €82.3m (up €253.5m from 3Q 2021). Profit margin: 18% (up from net loss in 3Q 2021). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Banks industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 49 percentage points per year, which is a significant difference in performance.
お知らせ • Nov 01Alpha Services and Holdings S.A. to Report Nine Months, 2022 Results on Nov 08, 2022Alpha Services and Holdings S.A. announced that they will report nine months, 2022 results on Nov 08, 2022
Reported Earnings • Aug 18Second quarter 2022 earnings released: EPS: €0.049 (vs €1.32 loss in 2Q 2021)Second quarter 2022 results: EPS: €0.049 (up from €1.32 loss in 2Q 2021). Net income: €114.0m (up €2.16b from 2Q 2021). Over the next year, revenue is forecast to grow 179%, compared to a 16% growth forecast for the Banks industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance.
お知らせ • Jul 07Alpha Services and Holdings S.A. to Report First Half, 2022 Results on Aug 02, 2022Alpha Services and Holdings S.A. announced that they will report first half, 2022 results on Aug 02, 2022
お知らせ • Jul 02Alpha Services and Holdings S.A., Annual General Meeting, Jul 22, 2022Alpha Services and Holdings S.A., Annual General Meeting, Jul 22, 2022, at 10:00 E. Europe Standard Time. Agenda: To consider approval of the annual separate and consolidated financial statements of the financial year 2021, together with the relevant reports of the Board of Directors which are accompanied by the Statutory Certified Auditors' Report; to consider approval of the netting-off of the retained earnings / (losses) against the statutory reserve and the special reserve of article 31 of law 4548/2018; to consider approval, as per article 108 of law 4548/2018, of the overall management for the financial year 2021 and discharge of the Statutory Certified Auditors for the financial year 2021, in accordance with article 117 of law 4548/2018; to consider election of Statutory Certified Auditors for the financial year 2022 and approval of their remuneration; and to consider other matters.
お知らせ • May 05Alpha Services and Holdings S.A. to Report Q1, 2022 Results on May 26, 2022Alpha Services and Holdings S.A. announced that they will report Q1, 2022 results on May 26, 2022
お知らせ • Feb 18Alpha Services and Holdings S.A. to Report Fiscal Year 2021 Results on Mar 14, 2022Alpha Services and Holdings S.A. announced that they will report fiscal year 2021 results at 3:20 PM, Coordinated Universal Time on Mar 14, 2022
Reported Earnings • Aug 28Second quarter 2021 earnings released: €1.32 loss per share (vs €0.063 profit in 2Q 2020)The company reported a soft second quarter result with weaker earnings and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: €392.6m (up 17% from 2Q 2020). Net loss: €2.04b (down €2.14b from profit in 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance.
お知らせ • Jun 23Davidson Kempner European Partners, LLP completed the acquisition of Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E.Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on November 23, 2020. Davidson Kempner European Partners, LLP entered into a definitive agreement to acquire 51% stake in the Mezzanine and Junior securitization notes of the Galaxy NPL of Alpha Bank A.E. and 80% stake in Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on February 22, 2021. As regards the remaining 49%, Alpha Bank S.A. will retain 5% of the Mezzanine and Junior securitization notes, to comply with risk retention rules, while Alpha Services and Holdings S.A. intends to distribute 44% of the remaining Mezzanine and Junior securitization notes to its shareholders. The agreement values 100% of the enterprise value of New Cepal at €267 million and the consideration includes an earn-out of up to €68 million and the contingent element of up to €17 million, if the transaction is on a levered basis. The consideration for Galaxy NPL is payable in cash, at an aggregate valuation for 100% of those notes of €40 million. Galaxy NPL of Alpha Bank A.E. is €10.8 billion portfolio. Alpha Bank, acting as an arranger of a financing syndicate, has agreed with Davidson Kemper the key terms of a long term funding facility of up to €120 million, which may be drawn at the sole discretion of Davidson Kempner. Davidson Kempner European Partners, LLP was selected as preferred bidder for the transaction. Post completion, Artemios Theodoridis and Theodore Athanassopoulos will continue managing New Cepal in their positions of Executive Chairman and Chief Executive Officer, respectively. Transaction completion and closing following receipt of all regulatory approvals are expected to take place towards the end of the first quarter of next year. As of February 22, 2021, the transaction is expected to close in the second quarter of 2021. Deutsche Bank acted as financial advisor to Alpha Bank. Alantra Corporate Portfolio Advisors International Limited, Axia Ventures Group Ltd., Citigroup Global Markets Limited and PricewaterhouseCoopers Business Solutions S.A. acted as Financial Advisers for Alpha Bank. Citigroup Global Markets Limited also acted as fairness opinion provider to Alpha Bank. Allen & Overy LLP and White & Case advised Alpha Bank on international legal matters and Zepos & Yannopoulos and PotamitisVekris advised Alpha Bank on Greek law matters. UBS acted as financial advisor to Davidson Kempner. Davidson Kempner European Partners, LLP completed the acquisition of Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on June 22, 2021. As per closing, The agreement values 100% of the enterprise value of New Cepal at €262 million, including a contingent element of €11 million if the transaction is on a levered basis and an earn-out of up to €68 million linked to the achievement of certain targets. Alpha Bank, acting as an arranger of a financing syndicate, has agreed with Davidson Kemper the key terms of a long term funding facility of up to €105 million. As a result, the implied equity value of 80% of new CEPAL stands at €120 million approximately, including the contingent element above, and represents the price for the sale of the respective shares. An amount of €48 million will be paid within 18 months.
Reported Earnings • May 26First quarter 2021 earnings released: €0.18 loss per share (vs €0.007 loss in 1Q 2020)The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: €159.9m (down 36% from 1Q 2020). Net loss: €282.2m (loss widened €271.3m from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Apr 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to €1.22, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 45% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.92 per share.
Valuation Update With 7 Day Price Move • Apr 09Investor sentiment improved over the past weekAfter last week's 15% share price gain to €1.09, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 11x in the Banks industry in Europe. Total loss to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €0.84 per share.
Reported Earnings • Mar 25Full year 2020 earnings released: EPS €0.067 (vs €0.068 in FY 2019)The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2020 results: Revenue: €1.27b (down 5.3% from FY 2019). Net income: €103.7m (down 1.5% from FY 2019). Profit margin: 8.1% (up from 7.8% in FY 2019). The increase in margin was driven by lower expenses. Non-performing loans: 32.11% (down from 33.80% in FY 2019). Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings.
お知らせ • Mar 11Alpha Bank A.E. to Report Fiscal Year 2020 Results on Mar 23, 2021Alpha Bank A.E. announced that they will report fiscal year 2020 results at 5:20 PM, E. Europe Standard Time on Mar 23, 2021
お知らせ • Jan 13LLC Silvinit-Transport and OOO Silvinit-Capital acquired Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA).LLC Silvinit-Transport and OOO Silvinit-Capital acquired Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA) on December 31, 2020. LLC Silvinit-Transport and OOO Silvinit-Capital completed the acquisition of Geo NPK LLC from Alpha Bank A.E. (ATSE:ALPHA) on December 31, 2020.
Is New 90 Day High Low • Dec 05New 90-day high: €0.83The company is up 46% from its price of €0.57 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Banks industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.40 per share.
Reported Earnings • Nov 26Third quarter 2020 earnings released: EPS €0.028The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: €346.9m (up 15% from 3Q 2019). Net income: €43.8m (up €39.0m from 3Q 2019). Profit margin: 13% (up from 1.6% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings.
お知らせ • Nov 24Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E.Davidson Kempner European Partners, LLP agreed to acquire Galaxy NPL of Alpha Bank A.E. and Cepal Hellas Financial Services S.A. from Alpha Bank A.E. on November 23, 2020. Galaxy NPL of Alpha Bank A.E. is €10.8 billion portfolio. Davidson Kempner European Partners, LLP selected as preferred bidder for the transaction.
お知らせ • Nov 21Alpha Bank Reportedly Picks Davidson Kempner as Preferred Bidder for $12 Billion Galaxy Bad LoansAlpha Bank A.E. (ATSE:ALPHA) has selected U.S. investment fund Davidson Kempner Capital Management LP as its preferred bidder to buy a $12 billion portfolio of non-performing loans in what will be Greece's largest-ever sale of bad debt, sources told Reuters. The portfolio, known as Galaxy Project and worth €10.8 billion ($12.81 billion), also includes the disposal of Alpha’s bad loan servicing unit, Cepal. Davidson Kempner has valued the assets at about €290 million, trumping a rival offer by U.S. investment giant Pacific Investment Management Company LLC (PIMCO), one of the sources said. Alpha Bank declined to comment while Davidson Kempner and PIMCO were not immediately available. The sale, which is expected to be finalised by the end of 2020, is the most significant attempt by a Greek bank to clean up its balance sheet amid fears that the proportion of soured loans to businesses and individuals will surge as a consequence of the COVID-19 crisis. The sale of the Galaxy portfolio is expected to reduce Alpha’s non-performing exposure (NPE) ratio to 24% from around 43% and its non-performing loan (NPL) ratio down to 13% from 30%, a banking source familiar with the deal said. Alpha launched the process early this year, drawing initial interest from a series of bidders including Italian firms Cerved CERV.MI and Credito Fondiario, the sources said. But only Davidson Kempner and PIMCO made binding offers and advanced to the final stages of the auction, with Alpha’s board selecting Davidson Kempner as its preferred bidder after a board meeting on November 20, 2020. Another source said Davidson Kempner’s bid came with an attractive earn-out scheme and limited contractual protections. The decision to negotiate a deal with Davidson Kempner could be announced early next week, the sources said.
お知らせ • Nov 19An unknown buyer acquired 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA).An unknown buyer acquired 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA) on November 13, 2020. As per the transaction, Alpha Bank A.E disposed 13 million shares of Hellenic Company for Telecommunications and Telematic Applications S.A. An unknown buyer completed the acquisition of 5.3% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Alpha Bank A.E. (ATSE:ALPHA) on November 13, 2020.
お知らせ • Nov 10Alpha Bank A.E. to Report Nine Months, 2020 Results on Nov 26, 2020Alpha Bank A.E. announced that they will report nine months, 2020 results on Nov 26, 2020
Is New 90 Day High Low • Nov 05New 90-day low: €0.43The company is down 19% from its price of €0.52 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.36 per share.
Is New 90 Day High Low • Oct 15New 90-day low: €0.49The company is down 17% from its price of €0.59 on 17 July 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Banks industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.36 per share.
お知らせ • Sep 22Laskarides acquired a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A.Laskarides acquired a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A. on October 26, 2006. Alpha Bank SA and small investors sold 1% stake, Agapitos sold 6.2% stake, Eurobank sold 3.2% stake and Interamerican sold 4% stake in Hellenic Seaways. Laskarides now holds above 33.34% stake in Hellenic Seaways. Laskarides completed the acquisition of a 14.4% stake in Hellenic Seaways from Alpha Bank SA and small investors, Agapitos, Eurobank Properties Real Est Inv Co and Interamerican Hellenic Life Insurance Company S.A. on October 26, 2006.
お知らせ • Sep 09United Group B.V. completed the acquisition of 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT).United Group B.V. agreed to acquire 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT) on May 29, 2020. United Group B.V. will also, initially, acquire up to approximately 50% of the principal amount of the Convertible Bonds and all the Loan Receivables. Pursuant to the acquisition, Hellenic Company for Telecommunications and Telematic Applications will be joining United Group. The transaction will be subject to customary regulatory approvals, antitrust approval and standard conditions precedent. As of August 14, 2020, the European Commission approved the transaction. As of September 2, 2020, relevant regulatory conditions have been satisfied and the United Group will promptly proceed to the closing of the debt acquisition. Closing is expected to occur on or about September 8, 2020. Nomura Holdings, Inc. acted as financial advisor to Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT). Apostolos Gkoutzinis and Mark Stamp of Milbank LLP and Papapolitis & Papapolitis acted as legal advisors to United Group. United Group B.V. completed the acquisition of 36% stake in Hellenic Company for Telecommunications and Telematic Applications S.A. (ATSE:FORTH) from Piraeus Bank S.A. (ATSE:TPEIR), National Bank of Greece S.A. (ATSE:ETE), Alpha Bank A.E. (ATSE:ALPHA) and Attica Bank S.A. (ATSE:TATT) on September 8, 2020
お知らせ • Jul 30+ 1 more updateAlpha Bank A.E. (ATSE:ALPHA) completed the acquisition of remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P.Alpha Bank A.E. (ATSE:ALPHA) agreed to acquire remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P. on November 25, 2019. Richard Langstaff, Cepal’s founder and Chief Executive Officer, announced on June 30, 2020, that he intends to step down from his position, effective July 1, 2020. Theodore Athanassopoulos, currently Alpha Bank’s Executive General Manager in charge of Wholesale NPEs will become CEPAL’s new Chief Executive Officer. Langstaff will remain Chairman of Cepal Hellas for the coming months. Artemios Theodoridis, currently Alpha Bank’s General Manager for NPE management and Treasury will become New Cepal’s Executive Chairman. Periklis Kitrilakis, Deputy Chief Executive Officer of Cepal. Both Kavvalos and Kitrilakis are due to become Deputy Chief Executive Officers at New Cepal. The transaction is expected to be completed in the coming months. Debashis Dey, Hyder Jumabhoy and Claudio Medeossi of White & Case LLP acted as legal advisors for Alpha Bank. Alpha Bank A.E. (ATSE:ALPHA) completed the acquisition of remaining 60% stake in Cepal Hellas Financial Services S.A. from Centerbridge Partners, L.P. on July 22, 2020.
お知らせ • Jul 24Alpha Bank A.E. to Report First Half, 2020 Results on Aug 27, 2020Alpha Bank A.E. announced that they will report first half, 2020 results on Aug 27, 2020
