Alpha Bank
When looking at total assets, Alpha Bank ranks fourth among Greek banks. It operates in Cyprus and Romania through its subsidiaries, and in London through its branch. Since its founding in 1879, the Costopoulos family has owned and operated it. The grandson of the company's original founder, John F. Costopoulos, and nephew of Georgios Papandreou's foreign minister, Stavros Costopoulos, Ioannis Costopoulos held numerous positions before his death on March 9, 2021.
Alpha Bank's risk-weighted assets for 2015 were €52.6 billion. A total of €62 billion was borrowed ($52.5 billion in Greece and €9.5 billion elsewhere) with a ratio of loans to deposits of 147% and a 50% expense-to-income ratio. Alpha Bank was one of the Greek companies seized this year as part of an inquiry into possible anti-competitive behavior, horizontal agreements, or exclusionary tactics related to the provision of financial services.
Founded: March 10, 1918
Headquarters: Athens, Greece
Website: www.alphaholdings.gr