2010 - today
In January 2011, the National Bank of Greece submitted a written proposal to Alpha Bank for a merger of the two banks by absorbing the latter into the former. However, the Board of Directors of Alpha Bank, at its meeting on the 18th of February and after having studied the proposal, decided to reject it on the grounds that the terms were unfavorable for its shareholders.[26] At the end of August of the same year, the agreement between the boards of directors of Alpha Bank and Eurobank EFG to merge the two organizations was announced, which was however revoked in March 2012.[27]
In 2012 Alpha Bank acquired and absorbed Commercial Bank of Greece and in 2014 it acquired the banking activities of Citibank in Greece, including Diners Club cards.[28][29]
On the 31st of May 2013, the recapitalization of the bank was successfully completed, with the required private participation being more than covered, which resulted in the preservation of Alpha Bank's private character.
In 2013, Alpha Bank sold all the shares of its subsidiary JSC Astra Bank Ukraine to the Ukrainian group Delta Bank, in 2015 the Bulgarian branch to Eurobank Bulgaria AD, in 2016 Alpha Bank A.D. Skopje to Silk Road Capital and in 2017 Alpha Bank Srbija to AIK Banka A.D. Beograd.[30]
On 31 March 2014 Alpha Bank successfully completed its €1.2 billion capital increase.[31] The Bank redeemed the total amount of the Hellenic Republic's Preference Shares on 17 April 2014.[32]
In May 2014, Vassilis Rapanos replaced Yannis Kostopoulos as chairman of the board of directors of the bank.
On 26 October 2014 Alpha Bank announced the successful completion of the European Central Bank's (ECB) Comprehensive Assessment in the Static Adverse Scenario with CET1 8.07% and Capital Surplus of Euro 1.3 billion. Based on the dynamic adverse assumptions, CET1 stands at 8.45% with Capital Surplus of Euro 1.8 billion.[33] Also in 2014, Alpha Bank took over Citibank's Greek retail banking operations.[34]
Alpha Bank requested Emergency Liquidity Assistance (ELA) from the Bank of Greece on 16 January 2015.[35] Its total funding from the ECB (ELA and non-ELA) was €29.9 bn as of 30 September 2015. On 17 July 2015 it sold its Bulgarian branches to Postbank (Bulgaria), the subsidiary of fellow Greek bank Eurobank Ergasias.
In November 2015, it was decided to increase the share capital by EUR 2,563,000,000. The increase included a voluntary exchange of bonds for new shares, through which EUR 1,011,000,000 was raised, and a capital increase by cash payment and cancellation of preferential rights of existing shareholders for an amount of EUR 1,552,000,000. As a result of the increase in the bank's share capital, the State's participation, through the Hellenic Financial Stability Fund, was reduced to approximately 11%.[36]
In 2021, Alpha Services and Participations S.A., 100% parent company of Alpha Bank S.A., successfully completed the Share Capital Increase of EUR 800 million by offering 800.000.000.000 new ordinary shares of nominal value of EUR 0,30 each.[37] With the Share Capital Increase, the HFSF's stake in the bank was reduced to approximately 9%.
In July 2022, Alpha Bank completed the sale of Alpha Bank Albania to OTP Bank PLC.[38]
In October 2023 it was announced that Alpha Bank in Romania will merge with UniCredit leaving Alpha with a 9.9% holding in the new Romanian bank.[39] The deal made between UniCredit and Alpha Bank included the acquisition by UniCredit of the entire stake that the Hellenic Financial Stability Fund had in Alpha Bank. Consequently, on 13 November 2023, the HFSF sold its 9% share of Alpha Bank to UniCredit.[40]
In March 2025, Alpha Bank launched a €200 million takeover bid on Cypriot AstroBank, through its unit in Cyprus (Alpha Bank Cyprus).[41] Alpha Bank finalised the acquisition in June 2025, thus leading to the creation of the third banking group in Cyprus (with a 10% market share) by the end of 2025 when the merger between AstroBank and Alpha Bank's Cypriot unit will be completed.[42]
