| 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.
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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
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| 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.
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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
|
