Investor Presentaiton
Corporate structure: minimal differences with figures expected to
converge
Balance Sheet¹
(€ bn)
Alpha
Services and Holdings
Group
Alpha
Bank
Comments on current delta
Group
Capital¹
(%)
Cash
10.1
10.1
CET1 ratio
Due from banks
3.3
3.3
Securities
10.4
9.7
Net loans
37.5
37.3
Net balances of unsecured NPE consumer loans that
will be part of upcoming NPE sales (Project Orbit)
Alpha Life (insurance) securities portfolio & mezzanine
/ junior Galaxy notes
Tier 1 ratio
CAD ratio
RWAS (€ bn)
Alpha
Services and Holdings
Group
Alpha
Bank
Group2
14.8%
13.7%
14.8%
13.7%
17.4%
16.4%
38.4
37.9
PPE
0.8
0.8
DTA
5.3
5.3
The difference between the consolidated ratios of Alpha
Bank Group and of Alpha Services and Holdings Group is
mainly due to:
Other
3.9
3.8
Total Assets
71.1
70.2
i.
the cash reserves of the Alpha Services Holdings
Group which are deposited to the Bank and
Due to banks
14.3
14.3
I
Deposits
45.0
45.3
Alpha Services & Holdings' cash reserves are kept as
deposits in the Bank
Debt securities
1.7
1.7
Other
I
3.4
2.7
"
Insurance mathematical reserves of Alpha Life
Alpha Services & Holdings' tax liabilities from H1 2020
income
the net balances of unsecured NPE consumer
loans that will be part of upcoming NPE sales
(Project Orbit)
Considering the above, the consolidated ratios of the two
companies are expected to converge
ii.
Total Liabilities
64.4
64.1
Total Equity
6.7
6.2
Mainly due to cash reserves of Alpha Services & Holdings
and unsecured NPEs consumer loans
Total Liabilities and Equity
71.1
70.2
1 | Pro forma for share capital increases (€0.8bn at Alpha Services and Holdings Group and €1bn at Alpha Bank Group). 2 | The €1.0 billion share capital increase of Alpha Bank Group comprises €0.2 billion excess cash of Alpha 50
Services and Holdings Group and €0.8 billion share capital increase of Alpha Services and Holdings Group which was completed on 8 July 2021.
ALPHA
SERVICES AND HOLDINGSView entire presentation