Current Environment
The current economic slowdown is taking its toll on the performance of Alpha Banks which was
published by Bankdata for H1 2019. The balance sheet of the 16 Alpha Banks with deposits exceeding
$2B per bank, barely improved while their net income remains on a declining trend, even without
including the increase in tax rate on the interest income from 7% to 10%, effective August 2019.
For the full report, kindly follow the link: Performance of Alpha Banks H1 2019