Alpha Bank AE: Update Following the Upgrade of the Bank's BCA to caa2
FINANCIAL INSTITUTIONS CREDIT OPINION 3 July 2017 Update RATINGS Alpha Bank AE Domicile Athens, Greece Long Term Debt (P)Caa3 Type Senior Unsecured MTN - Dom Curr Outlook Not Assigned Long Term Deposit Caa3 Type LT Bank Deposits - Fgn Curr Outlook Positive Please see theÂAlpha Bank is a banking and financial services group which is based in Greece. Co. is engaged in offering a range of services including retail, SME and corporate banking, credit cards, asset management, investment banking, private banking, brokerage, leasing and factoring. Co. is also active in international financial market, with a presence in Cyprus, Romania, London, Serbia, Albania, Jersey (Channel Islands), Bulgaria, former Yugoslav Republic of Macedonia and New York. Co. maintains a focus on retail banking in Greece and particularly loans to individuals and small business loans, and overall expansion in Southeastern Europe. Co.'s activities are divided into retail and wholesale banking.
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