Alpha Bank was founded in 1879 by John F. Costopoulos, when he established a commercial firm in the city of Kalamata. In 1918 the banking department of the "J.F. Costopoulos" firm was renamed to "Bank of Kalamata".
In 1924 the Bank's headquarters were moved to Athens, and it was renamed to "Banque de Credit Commercial Hellenique".
In 1947 the title was changed to "Commercial Credit Bank", in 1972 to "Credit Bank" and finally in March 1994 to "Alpha Credit Bank".
The Bank grew considerably in the last decades. Beyond providing banking services and products, it has developed into a major Group offering a wide range of financial services in Greece and in Southeastern Europe.
In 1999 the bank acquired 51% of the shares of the Ionian Bank. On April 11, 2000 the merger of the Ionian Bank was approved through absorption by Alpha Credit Bank.
The name of the enlarged, new Bank, resulting from this merger is Alpha Bank.
On February 1,2013, pursuant to the acquisition agreement of October 16th, 2012, with regards to the sale of Emporiki Bank S.A. from Crédit Agricole S.A. to Alpha Bank A.E., and the approvals by the Greek and Cypriot Central Banks and anti-trust authorities, the entire share capital of Emporiki has been transferred to Alpha Bank by Crédit Agricole. The legal merger by absorption of Emporiki Bank by Alpha Bank was concluded on June 28, 2013.
The acquisition of Citibank’s Greek Retail Operations was successfully concluded on September 30, 2014.
Alpha Bank, the Bank that inspires confidence and constitutes a consistent point of reference in the Greek banking system, is one of the largest banks of the private sector, with a wide Network of over 1,000 service points in Greece and one of the highest capital adequacy ratios in Europe.
It is acknowledged as an innovator in introducing new electronic services, such as :