Scope Ratings has affirmed Alpha Bank’s “BBB” rating with a stable outlook, noting that the bank continues to demonstrate strong performance and resilience in an environment that remains supportive of the Greek banking sector.
The agency attributes its rating to Alpha Bank’s strong position in domestic commercial banking, positive profitability trends, and improved capital ratios. At the same time, it makes special mention of the bank’s strong presence in corporate financing, as well as its sound funding profile, which is primarily based on deposits.
Scope also notes the continued decline in non-performing exposures (NPEs), which stood at 3.7% at the end of the first quarter of 2026, a figure that reflects the ongoing consolidation 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 reinforce its long-term resilience.
Scope notes that a potential rating upgrade would require the bank to maintain strong profitability and further reduce balance sheet risks, while, conversely, downward pressure on the rating could result from a deterioration in macroeconomic conditions, asset quality, or the bank’s capital adequacy.