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MarketScreener Homepage  >  Equities  >  Athens Stock Exchange  >  Alpha Bank A.E.    ALPHA   GRS015003007

ALPHA BANK A.E.

(ALPHA)
  Report  
Delayed Quote. Delayed Athens Stock Exchange - 11/15 10:25:04 am
1.919 EUR   -0.31%
11/08Greek banks under investigation for collaboration - competition watchdog
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10/10EU clears Greek Hercules plan to cut $33 billion bad loans
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05/27ALPHA BANK SA : quaterly earnings release
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Greek banks under investigation for collaboration - competition watchdog

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11/08/2019 | 11:00am EST
FILE PHOTO: People line up at an automated teller machine outside a Piraeus Bank branch in Athens

Greece's competition watchdog confirmed on Friday that it had raided all the country's major banks a day earlier as part of an investigation into collaboration between lenders.

Inspectors raided the head offices of National Bank, Piraeus Bank, Eurobank, Alpha Bank, Attica Bank and the offices of the Greek bank association, bankers said on Thursday.

They said the competition authority, which is an independent body, had carried out the unprecedented raids because it was looking into whether banks had colluded on transaction fees.

"The checks reflected the Competition Commission's concerns that the businesses under investigation may have been involved in anti-competitive practices of horizontal collaboration," the authority said in a statement on Friday.

It said the raids, which it had been planning for weeks, were preliminary steps in cases where there may be indications of anti-competitive practices.

"Conducting such probes does not prejudge that firms being investigated have indeed been involved in anti-competitive behaviour, nor the probe's outcome," the authority said.

Some bankers told Reuters on Thursday that the raids were politically motivated.

Last month, Prime Minister Kyriakos Mitsotakis urged banks to revoke increases in charges for a series of services.

On Friday, Development Minister Adonis Georgiadis said the government had nothing to do with the raids, saying the authority was an independent body.

"I assure you that the ministry did not have the slightest involvement in yesterday's developments," he told Skai TV. "I was not aware, I should not have been aware and, fortunately, I did not know about it."

(Reporting by George Georgiopoulos and Renee Maltezou; Editing by David Clarke)

Stocks mentioned in the article
ChangeLast1st jan.
ALPHA BANK A.E. -0.31% 1.919 Delayed Quote.75.00%
ATTICA BANK S.A. -0.33% 0.4465 Delayed Quote.301.43%
ATTICA HOLDINGS S.A. 0.00% 1.23 Delayed Quote.2.50%
CLARKE INC. 0.16% 12.6 Delayed Quote.0.64%
EUROBANK ERGASIAS S.A. -0.93% 0.955 Delayed Quote.78.52%
NATIONAL BANK OF GREECE S.A. -1.31% 3.02 Delayed Quote.178.18%
PIRAEUS BANK S.A. -1.38% 3 Delayed Quote.262.14%
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Financials (EUR)
Sales 2019 2 226 M
EBIT 2019 1 160 M
Net income 2019 146 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 20,9x
P/E ratio 2020 14,1x
Capi. / Sales2019 1,33x
Capi. / Sales2020 1,43x
Capitalization 2 962 M
Chart ALPHA BANK A.E.
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Alpha Bank A.E. Technical Analysis Chart | MarketScreener
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Technical analysis trends ALPHA BANK A.E.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 1,93  €
Last Close Price 1,92  €
Spread / Highest target 30,3%
Spread / Average Target 0,65%
Spread / Lowest Target -42,7%
EPS Revisions
Managers
NameTitle
Vassilios E. Psaltis CEO, CFO, Director & General Manager
Vassilios T. Rapanos Non-Executive Chairman
Spyros Nicolaos Filaretos COO, Executive Director & General Manager
Spyridon P. Tzamtzis Manager-Information Technology
Artemis C. Theodoridis Executive Director & GM-Wholesale Banking
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