“We Create Today the Bank of Tomorrow”
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
O-SII Notification
Notification template for Article 131 CRD – Other Systemically Important Institutions (O-SII) Please send this template to • [email protected] when notifying the ESRB; • [email protected] when notifying the ECB; • [email protected] when notifying the EBA. Emailing this template to the above-mentioned addresses constitutes an official notification, no further official letter is required. In order to facilitate the work of the notified authorities, please send the notification template in a format that allows electronically copying the information. 1. Notifying national authority 1.1 Name of the notifying National Committee for Macroprudential Oversight authority 2. Description of the measure Based on data available as of 31 March 2017, 9 credit institutions Romanian legal entities obtained a score higher than the threshold set for automatic designation of systemically important institutions (275 basis points). The re-evaluation based on June 2017 available data generated the same results. The name and LEI code of the systemically important institutions identified in Romania are provided below. Banca Comercială Română S.A. – LEI code 549300ORLU6LN5YD8X90 BRD - Groupe Societe Generale S.A. – LEI code 5493008QRHH0XCLJ4238 2.1 Concerned institution UniCredit Bank S.A. – LEI code 5493003BDYD5VPGUQS04 or group of institutions Raiffeisen Bank S.A. – LEI code 549300RFKNCOX56F8591 Banca Transilvania S.A. – LEI code 549300RG3H390KEL8896 Alpha Bank România S.A. – LEI code 529900TKT32Z5LP7XF90 CEC Bank S.A. – LEI code 2138008AVF4W7FMW8W87 Bancpost S.A. – LEI code 549300GM6AMB2XDWNC96 Garanti Bank S.A. – LEI code 549300UZRCTIM0HREY46 An O-SII buffer applicable in 2018 is set for the systemically important institutions which are Romanian legal entities. -
The Ionian Islands in British Official Discourses; 1815-1864
1 Constructing Ionian Identities: The Ionian Islands in British Official Discourses; 1815-1864 Maria Paschalidi Department of History University College London A thesis submitted for the degree of Doctor of Philosophy to University College London 2009 2 I, Maria Paschalidi, confirm that the work presented in this thesis is my own. Where information has been derived from other sources, I confirm that this has been indicated in the thesis. 3 Abstract Utilising material such as colonial correspondence, private papers, parliamentary debates and the press, this thesis examines how the Ionian Islands were defined by British politicians and how this influenced various forms of rule in the Islands between 1815 and 1864. It explores the articulation of particular forms of colonial subjectivities for the Ionian people by colonial governors and officials. This is set in the context of political reforms that occurred in Britain and the Empire during the first half of the nineteenth-century, especially in the white settler colonies, such as Canada and Australia. It reveals how British understandings of Ionian peoples led to complex negotiations of otherness, informing the development of varieties of colonial rule. Britain suggested a variety of forms of government for the Ionians ranging from authoritarian (during the governorships of T. Maitland, H. Douglas, H. Ward, J. Young, H. Storks) to representative (under Lord Nugent, and Lord Seaton), to responsible government (under W. Gladstone’s tenure in office). All these attempted solutions (over fifty years) failed to make the Ionian Islands governable for Britain. The Ionian Protectorate was a failed colonial experiment in Europe, highlighting the difficulties of governing white, Christian Europeans within a colonial framework. -
Corporate Social Responsibility Report 2008
Corporate Social Responsibility Report 2008 Corporate Social Responsibility Report 2008 "Together on Corporate Social Responsibility" Alpha Bank Presence ALPHA BANK BRANCHES ORGANISATION NAME BRANCHES COUNTRY Alpha Bank 416 GREECE Alpha Bank Cyprus Ltd 37 CYPRUS Alpha Bank Romania S.A. 200 ROMANIA Alpha Bank Jersey Ltd 1 UNITED KINGDOM Alpha Bank London Ltd 3 UNITED KINGDOM Alpha Bank Srbija A.D. 162 SERBIA Alpha Bank-Albania 42 ALBANIA Alpha Bank-Bulgaria Branch 120 BULGARIA Alpha Bank A.D. Skopje 24 F.Y.R.O.M. OJSC Astra Bank 22 UKRAINE Alpha Finance US Corporation S.A. 1 U.S.A. TOTAL 1,028 10 COUNTRIES The registered seat of the Bank is the Building on 40 Stadiou Street, near Klafthmonos Square and its number in the Sociétés Anonymes Register is 6066/06/B/86/05. 4 - Alpha Bank CSR Report 2008 Table of Contents Introduction 7 TOGETHER for the Environment 55 • Message from the Chairman • Environmental Policy • Report objectives • Environmental Management • Greenhouse Gas Emissions Alpha Bank Group Milestones 9 • Ozone Layer • Brief History • Summary Presentation of the Bank TOGETHER for the Society 67 and the Group Companies • Society • Shareholder Structure • Environment • Group Companies • Collections and Exhibition Centres of the Bank • Cultural Foundations CSR in ALPHA BANK 13 • Vision and Values CSR in the International Network of Alpha Bank 83 • CSR in Alpha Bank • Data and Indices on Group Human Resources • Stakeholders • Alpha Bank Cyprus Ltd • Participation in associations • Alpha Bank Romania S.A. • Certifications – Awards – Distinctions • Alpha Bank Srbija A.D. • Alpha Bank Albania TOGETHER with our Shareholders 21 • Alpha Bank Bulgaria Branch • Administration – Organisational Chart • Alpha Bank A.D. -
Discussion Paper Series
DISCUSSION PAPER SERIES No. 2791 GREEK BANKING AT THE DAWN OF THE NEW MILLENNIUM Barry Eichengreen and Heather D Gibson INTERNATIONAL MACROECONOMICS ZZZFHSURUJ Available online at: www.cepr.org/pubs/dps/DP2791.asp www.ssrn.com/xxx/xxx/xxx ISSN 0265-8003 GREEK BANKING AT THE DAWN OF THE NEW MILLENNIUM Barry Eichengreen, University of California Berkeley and CEPR Heather D Gibson, Bank of Greece Discussion Paper No. 2791 May 2001 Centre for Economic Policy Research 90–98 Goswell Rd, London EC1V 7RR, UK Tel: (44 20) 7878 2900, Fax: (44 20) 7878 2999 Email: [email protected], Website: www.cepr.org This Discussion Paper is issued under the auspices of the Centre’s research programme in International Macroeconomics. Any opinions expressed here are those of the author(s) and not those of the Centre for Economic Policy Research. Research disseminated by CEPR may include views on policy, but the Centre itself takes no institutional policy positions. The Centre for Economic Policy Research was established in 1983 as a private educational charity, to promote independent analysis and public discussion of open economies and the relations among them. It is pluralist and non-partisan, bringing economic research to bear on the analysis of medium- and long-run policy questions. Institutional (core) finance for the Centre has been provided through major grants from the Economic and Social Research Council, under which an ESRC Resource Centre operates within CEPR; the Esmée Fairbairn Charitable Trust; and the Bank of England. These organizations do not give prior review to the Centre’s publications, nor do they necessarily endorse the views expressed therein. -
The Competition Council Has Authorized the Merger Between ALPHA BANK AE and EFG EFG EUROBANK ERGASIAS SA
The Competition Council has authorized the merger between ALPHA BANK AE and EFG EFG EUROBANK ERGASIAS SA The Competition Council has authorized the economic concentration consisting in merger by absorbtion of EFG Eurobank Ergasias SA by Alpha Bank AE. The analysis of the competition authority found that the notified economic concentration does not raise significant obstacles to effective competition on the Romanian market, respectively does not lead to the creation or strengthening of a dominant position of the merged company to have as effect restriction, prevention or significant distortion of competition on the Romanian market or on a part of it. Since both Alpha Bank AE and EFG Eurobank Ergasias SA hold in Greece more than 2/3 of turnover at European level, there is no obligation this merger to be notified to the European Commission. Community legislation provides that where each of the companies involved achieves more than 2/3 of total turnover in one of member states, the operation is analyzed by the competition authority of respective state as well as by each of the states where the involved parties activate. The merged company shall be called Alpha Eurobank SA. Alpha Bank AE is a company that is part of Alpha group, one of the most important banking and financial services groups in Greece. Alpha Group offers a wide range of services including retail banking, corporate banking, asset management, private sector banking, distribution of insurance products, investment banking, leasing, factoring, management of brokerage services and of estate assets, and brokerage services. In Romania, Alpha group holds control over Alpha Bank Romania S.A., Alpha Leasing Romania IFN S.A., SSIF Alpha Finance Romania S.A., Alpha Insurance Brokers S.R.L., Alpha Astika Akinita Romania S.R.L. -
Annual Report 2015
ANNUAL REPORT 2015 www.eurobank.gr/annualreport2015_en The people of Eurobank stand by our signature. We commit to give… priority to you. CONTENTS Historical Milestones 6 Group Financial Figures 8 Letter to Shareholders 10 Share Capital Increase – Capital Adequacy 22 Financial Review 24 Strategic Transformation Programme 26 Corporate Governance 28 Risk Management 40 Piority to Our Customers 54 Retail Banking 54 Group Corporate & Investment Banking 64 Troubled Assets Management 72 Wealth Management 74 International Capital Markets & Treasury 78 Equities Brokerage 80 Insurance Operations 81 Other Activities 82 International Presence 84 Romania 85 Bulgaria 85 Serbia 87 Cyprus 88 Luxembourg 88 Ukraine 89 Corporate Responsibility 92 Priority to our People 94 Priority to Society 102 Priority to Innovation and Youth Entrepreneurship 110 Priority to Communicating with Customers 116 Relations with Suppliers 119 Priority to the Environment and Sustainable Development 120 Management Systems and Certifications 126 Memberships in Associations & Organisations 128 Awards 2015 130 Appendix 132 Financial Data for the Year ANNUAL REPORT 2015 | HISTORICAL MILESTONES HISTORICAL MILESTONES 2007 2013 1997 2015 Launch of greenfield 2000 2003 2004 operation in Cyprus. Eurobank is recapitalised 1990 Eurobank-Interbank Acquisition of 70% by the HFSF Acquisition of the operations of merger. of Tekfenbank Turkey, Alpha Bank’s Bulgarian Branch by EFG Eurobank – Acquisition of a 90.8% Acquisition which is renamed to The Group grows Eurobank’s subsidiary in Bulgaria, Acquisition of the Ergobank merger; stake in Postbanka of Intertrust Eurobank Tekfen. further, through the Eurobank Bulgaria AD (“Postbank”). Establishment branch network of the new bank is AD Serbia, which M.F.M.C. -
European Npls - FY18 an Overview of the Non-Performing Loan Market
An Acuris Company Year-End 2018 European NPLs - FY18 An overview of the non-performing loan market Alessia Pirolo Head of NPL Coverage, Debtwire +44 (0) 20 3741 1399 [email protected] Amy Finch Data Journalist, Debtwire +44 (0) 20 3741 1187 [email protected] European NPLs – FY18 An Acuris Company Overview: A Record Year for NPL sales 3-7 Trends by Country Italy 8-13 Spain 14-17 New Entries: Portugal, Greece and Cyprus 18-24 UK and Ireland 25-28 Germany 29-30 Index List of closed deals 31-40 Criteria 41 Authors and contact details 42 2 European NPLs – FY18 An Acuris Company A Record Year for NPL sales The European non-performing loan (NPL) market reached its peak in 2018 with disposal totalling EUR 205.1bn in gross book value (GBV). Debtwire NPL Database tracked 142 transactions. The year just closed has been by far a record, compared with EUR 144bn in 2017 and EUR 107bn in 2016, according to data from Deloitte. The last quarter of 2018 saw a particularly intense pace of activity, given that at the end of the third quarter closed deals totalled EUR 125bn. The most active country was Italy, which totalled half of the total volume of NPL sales. In 2018, 64 NPL sales with a gross book value (GBV) of EUR 103.6bn were tracked in the country, almost half of which were via securitisations within the government’s Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme, which now has only until 6 March 2019 to run. Spain has started to see a slowdown of sales, but still completed a massive EUR 43.2bn in 27 deals. -
Business Review 2007
BUSINESS REVIEW 2007 40 STADIOU, GR-102 52 ATHENS BUSINESS REVIEW 2007 Alpha Bank owns one of the most complete collections of ancient Greek coins with more than 10,000 items from the entire ancient Greek world. In 2007, the Bank organised, for the first time since its foundation, the exhibition “Hellenic Coinage: the Alpha Bank Collection” at the Benaki Museum. In the exhibition, which was viewed by more than 11,000 visitors, 500 ancient coins were shown, minted in regions ranging from the current Great Britain to India and from Ukraine to Africa, among which many unique ones. For this reason, it was decided to illustrate the Business Review of the Bank, for the year 2007, with some of the masterpieces and the rarities of the Alpha Bank Numismatic Collection. Aegina. Silver stater, 479-456 BC O: Turtle. R: Incuse square, divided into five compartments (skew pattern). The first city-state in Greece to struck its own coins was Aegina around 560 BC. The iconographic type distinctive of the staters of Aegina, from the beginning to the end of its coinage is the turtle. On the reverse of the early Aeginetan coins is an irregular incuse square, which as time passed acquired a definite shape, divided by cross-arms into quadrants. The schematic reverse type of these first coins in Greece has been the Alpha Bank logo since 1972. Table of Contents TABLE OF CONTENTS page. BRIEF HISTORY ........................................................................................................................... 5 KEY INDICATORS........................................................................................................................ -
European Npls - FY18 an Overview of the Non-Performing Loan Market
An Acuris Company Year-End 2018 European NPLs - FY18 An overview of the non-performing loan market Alessia Pirolo Head of NPL Coverage, Debtwire +44 (0) 20 3741 1399 [email protected] Amy Finch Data Journalist, Debtwire +44 (0) 20 3741 1187 [email protected] European NPLs – FY18 An Acuris Company Overview: A Record Year for NPL sales 3-7 Trends by Country Italy 8-13 Spain 14-17 New Entries: Portugal, Greece and Cyprus 18-24 UK and Ireland 25-28 Germany 29-30 Index List of closed deals 31-40 Criteria 41 Authors and contact details 42 2 European NPLs – FY18 An Acuris Company A Record Year for NPL sales The European non-performing loan (NPL) market reached its peak in 2018 with disposal totalling EUR 205.2bn in gross book value (GBV). Debtwire NPL Database tracked 142 transactions. The year just closed has been by far a record, compared with EUR 144bn in 2017 and EUR 107bn in 2016, according to data from Deloitte. The last quarter of 2018 saw a particularly intense pace of activity, given that at the end of the third quarter closed deals totalled EUR 125bn. The most active country was Italy, which totalled half of the total volume of NPL sales. In 2018, 64 NPL sales with a gross book value (GBV) of EUR 103.6bn were tracked in the country, almost half of which were via securitisations within the government’s Garanzia sulla Cartolarizzazione delle Sofferenze (GACS) scheme, which now has only until 6 March 2019 to run. Spain has started to see a slowdown of sales, but still completed a massive EUR 43.2bn in 27 deals. -
Alpha Credit Group Plc Alpha Bank Ae
BASE PROSPECTUS ALPHA CREDIT GROUP PLC (incorporated with limited liability in England and Wales) as Issuer and ALPHA BANK AE (incorporated with limited liability in the Hellenic Republic) as Issuer and Guarantor EUR 25,000,000,000 Euro Medium Term Note Programme Under this EUR 25,000,000,000 Euro Medium Term Note Programme (the ‘‘Programme’’), each of Alpha Credit Group PLC (‘‘Alpha PLC’’) and Alpha Bank AE (‘‘Alpha Bank’’ or the ‘‘Bank’’ and, together with Alpha PLC the ‘‘Issuers’’ and each an ‘‘Issuer’’ and references herein to the ‘‘relevant Issuer’’ being to the Issuer of the relevant Notes) may from time to time issue notes (the ‘‘Notes’’) denominated in any currency agreed with the relevant Dealer (as defined below). Notes may be issued as unsubordinated obligations (‘‘Senior Notes’’) or dated subordinated obligations (‘‘Dated Subordinated Notes’’) of the relevant Issuer. Notes issued by Alpha PLC will be guaranteed by Alpha Bank. In relation to each issue of Notes by Alpha PLC, the branch through which Alpha Bank is acting for such issue will be specified in the applicable Final Terms or, as the case may be, the applicable Drawdown Prospectus (in each case as defined below). In relation to each issue of Notes by Alpha Bank, the branch through which Alpha Bank is acting for such issue will be specified in the applicable Final Terms or, as the case may be, the applicable Drawdown Prospectus. This Base Prospectus supersedes and replaces the Offering Circular dated 2 February 2006. For the purposes of Article 5.4 of the Prospectus Directive, this Base Prospectus (together with supplements which may be published to this Base Prospectus from time to time) is a base prospectus which comprises two base prospectuses in respect of each of Alpha PLC (as Issuer) and Alpha Bank (as Issuer and Guarantor). -
The Influence of Greek Banking Capital in Non- Eurozone Countries
European Research Studies, Volume XIII, Issue (2), 2010 The Influence of Greek Banking Capital in Non- Eurozone Countries Carmen Adriana Gheorghe1, Ioana Nicolae2 Abstract: The Greek debt crisis is poised to undermine already dwindling investment flows into south-eastern Europe's emerging economies, adding to barriers to recovery in one of the continent's most fragile regions. Greek lending in Central and Eastern Europe is concentrated mainly in Romania and Bulgaria, both struggling to recover from sharp economic contractions and most exposed to any scaling back in funding as Greece's banks shore up their own finances. Greece has been a major investor in the region- it is the second biggest in Serbia- since the fall of communism in 1989. Its problems have so far had only a limited impact on nearby states and it is unclear how much of a drag it may create. The European Bank for Reconstruction and Development- B.E.R.D.- warned of potential hits to bank systems and economies and analysts have also raised concerns. Greek firms are also not expected to invest heavily in their usual target areas as they digest severe government cost cuts at home, while simple proximity to a country that has become the latest trouble spot on investors' radar may also be an issue. Greek banks could be the main canal to transmit the crisis in Romania. At the same time, the measures of prudenciality taken by Central Bank should counteract the possible difficulties for Romanian banking system. Keywords: Greek Banking Capital, Non-eurozone countries, dept crisis. 1. Foreword Within the Romanian banking system there are 4 important Greek banks: Alphabank, Bancpost owned by EFG Eurobank, Piraeus Bank and The Romanian Bank part of the NBG Group. -
Cotton, Finance and Business Networks in a Globalised World: the Case of Egypt During the First Half of the Twentieth Century
Cotton, Finance and Business Networks in a globalised World: The Case of Egypt during the First Half of the Twentieth Century Thesis submitted for the degree of Doctor of Philosophy International Business & Strategy, Henley Business School Akram Beniamin November 2019 Declaration I confirm that this is my own work and the use of all material from other sources has been properly and fully acknowledged. Akram Beniamin i Abstract Firms and entrepreneurs were key drivers of the globalisation of the late nineteenth and early twentieth centuries. This thesis investigates commodity networks, foreign banking and business networks, as three manifestations of the first global economy, in Egypt. The country was integrated into the world economy by exporting cotton, importing foreign capital, and hosting a large foreign community. The thesis shows that the Egyptian cotton network was sophisticated as market participants were spatially dispersed. The network was instrumentally coordinated by foreign banks that provided the crucial functions of intermediating the flows of cotton, finance, and information. Departing from the literature that portrays foreign banks in developing countries as manifestations of imperialism and exploitation of host countries, the thesis demonstrates that the history of these banks in Egypt does not conform to this rhetoric. The case of the Ionian Bank reveals that foreign banks in Egypt were businesses that sought profits and faced many risks and challenges. Some risks were uncontrollable and negatively affected banks’ performance, which was shaped by trade-off between opportunity and risk appetite. The analysis of the interlocking directorates of the Egyptian corporate and elite networks demonstrates that these networks, predominantly controlled by local foreigners, served as a basis for coordinating and maintaining collective interests.