The "BBB" rating of Alpha Bank with stable outlook (Stable Outlook) was confirmed by Scope Ratings, estimating that the bank continues to show strong performance and resilience in an environment that remains supportive for the Greek banking sector.
The agency attributes its rating to the strong position that Alpha Bank maintains in domestic commercial banking, to the positive profitability trends and the improvement of its capital ratios. At the same time, it makes special reference to its strong presence in business financing, as well as to the healthy funding profile, which is mainly supported by deposits.
Scope also points out the continuous de-escalation of non-performing exposures (NPEs), which stood at 3.7% at the end of the first quarter of 2026, a factor that reflects the ongoing clean-up of the bank's balance sheet.
According to the agency, the operating environment in Greece remains moderately supportive for banks, while Alpha Bank's investments in digital transformation and the strengthening of risk management related to ESG criteria enhance its long-term resilience.
Scope notes that a potential upgrade of the rating would require the maintenance of strong profitability and the further reduction of balance sheet risks, while on the contrary, pressures on the rating could arise from a deterioration of macroeconomic conditions, asset quality, or the bank's capital adequacy.