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You are here: Homepage: About Alpha Bank: The Bank: Chronology:
   
   
Mission and Values
History
Chronology
1870
1910
1920
1930
1940
1950
1960
1970
1980
1990
2000
2010
Distinctions
Key Indicators on December 31
Headquarters
Useful Telephone Numbers
Organisational Structure
Branches with expanded banking hours
Banking Hours of Myconos Branch
Banking Hours of Poros Cephallonia, Nydri-Lefkas and Antiparos Branches
Significant events during the last 5 years
 
1940

   

1940| 1941| 1942| 1943| 1944| 1945| 1947| 1948

1940

 

• With the outbreak of the Greek-Italian War, the Bank participates in a number of charity collections.



• The first Sub-branch of the Bank in Athens is established in Monastiraki Square; it will be destroyed by fire during the events of December 1944.

 

 

 

 





• The foundation of the subsidiary Company ''La Commerciale'' S.A. d’ Assurances Générales marks the early entry of the Bank into the insurance market.

 

 

 



 

 






External view of the Monastiraki Branch
of the Banque de Crédit Commercial Hellénique, 1941-1944
Photograph
Alpha Bank Historical Archives




   Balance Sheet of the ''La Commerciale'' S.A. d’ Assurances Générales, 1942
Alpha Bank Historical Archives

1941

 

• In the extremely difficult circumstances of famine and hyperinflation, the Bank sets up soup kitchens for its Personnel and their families.

 

1942

• A subsidiary ''Estate Company for Properties and Economic Interests'' (I.F.K.O.S. S.A.) is founded with the aim of acquiring and developing real estate; it later evolved into the present-day Alpha Astika Akinita.

1943

 


• On the occasion of the 25th anniversary from the incorporation of the Bank of Kalamata from which the Banque de Crédit Commercial Hellénique originated, the Bank publishes a commemorative booklet illustrated by Spyros Vassiliou.




Commemorative publication
“Banque de Crédit Commercial Hellénique. Twenty five years. 1918-1943”
Includes woodcuts by Spyros Vassiliou
(1903/4-1985)
Alpha Bank Historical Archives

1944




• Stavros J. Costopoulos, the youngest son of John F. Costopoulos, is elected Chairman of the Board of Directors for a short period of time. Throughout the German Occupation he offered his services to the Bank as an Executive Director. 



Stavros J. Costopoulos
Chairman of the Board of Directors
of the Banque de Crédit Commercial Hellénique
Part of a photograph
Alpha Bank Historical Archives

1945





• The General Manager of the Bank Spyros J. Costopoulos is elected Chairman of the Board of Directors.

 

 

 


• The Bank was one of the few credit institutions that managed to survive the insurmountable wartime difficulties.

 



 Spyros J. Costopoulos
Chairman of the Board of Directors of the Banque de Crédit Commercial Hellénique
Photograph
Alpha Bank Historical Archives

1947



• The gradual restoration of the operations of the Bank is accompanied by the change of name to ''Commercial Credit Bank''. 


 




Cheque of the Commercial
Credit Bank, 1955
Alpha Bank Historical Archives

1948

 

• The Bank distributes dividend for the first time after the war period and will be the only company listed on the Athens Exchange to distribute dividend unfailingly to its shareholders for the next sixty years.


 



 Certificate of 25 shares and
dividend coupons of the Commercial
Credit Bank, 1965
Alpha Bank Historical Archives


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Alpha Bank A.E. uses “cookies" on its websites in order to provide visitors with a safer and more efficient environment. By choosing to continue to browse our websites, you accept the use of “cookies". For details, see the Cookies Policy paragraph under the Terms of Use.