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Alpha Services and Holdings S.A.

ALBKY
54
Banks - Regional · Financial Services
Exchange
Other OTC
Winston Score
54
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Aug 9, 2026 · filings through Jun 30, 2026

Alpha Services and Holdings S.A. is one of the largest banks in Greece. It offers everyday banking services like checking accounts, loans, mortgages, and credit cards to regular people and businesses. It also provides investment banking and wealth management services, making it a full-service financial institution in the Greek market.

The company makes money mainly through interest on loans and fees for banking services. It operates primarily in Greece, with some presence in Cyprus and other parts of southeastern Europe, and reported a market cap of around $11.5 billion. Alpha Bank has worked hard in recent years to clean up bad loans left over from Greece's long debt crisis, which gives it a stronger foundation than it had a decade ago. The main risk going forward is that Greece's economy remains sensitive to broader European economic slowdowns, which could hurt loan demand and increase defaults.

Winston Score History

Score breakdown

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Bank Quality

Not applicable for this business.

Growth

Sales YoY
-18.2%
Shrinking sales (-18.2% YoY)
EPS YoY
+2.1%
Flat earnings

Single-digit earnings growth — steady but not exciting.

EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

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Capital Strength

Not applicable for this business.

Asset Quality

Not applicable for this business.

Valuation

P/E Ratio (TTM)
13.4x
no trend
Attractive valuation — P/E 13.4

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

P/E vs Forward
+1.6
GROWING
Earnings expected to grow — slightly cheaper on forward P/E

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Dividends

Dividend Yield
2.54%
no trend
Moderate income — 2.54% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend Growth
-95.9%
no trend
Dividend cut (-95.9% YoY) — warning sign

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