Alpha Astika Akinhta S.A.

Interim / Quarterly Report • Sep 28, 2015

The financial information set out below provides a general presentation of the financial position and results of Alpha Bank Group. We recommend to the reader, before any investment decision or transaction is performed with the Bank, to visit the web site of the Bank at www.alpha.gr, where the interim financial statements prepared in accordance with International Financial Reporting Standards (IFRS) are available together with the auditors review report if required.

CONSOLIDATED BALANCE SHEET			CONSOLIDATED INCOME STATEMENT
	30.9.2005	31.12.2004		1.1-30.9.2005	1.1.-30.9.2004	1.7.-30.9.2005	1.7.-30.9.2004
ASSETS			Interest and similar income	1.332.257	1.133.030	469.836	390.434
Cash and balances with Central Banks	1.638.641	1.755.349	Interest expense and similar charges	434.190	354.897	154.596	124.708
Due from banks	6.349.970	5.222.824	Net interest income	898.067	778.133	315.240	265.726
Securities held for trading	330.098	162.102
Derivative financial assets	160.911	171.633	Fee and commission income	276.331	261.236	102.104	86.165
Loans and advances to customers	25.922.110	22.377.785	Commission expense	18.045	15.776	7.192	6.423
Investment securities			Net fee and commission income	258.286	245.460	94.912	79.742
-Available for sale	5.333.654	1.973.594
Investments in associates	11.543	107.363	Dividend income	2.611	4.589	95	3.312
Investment property	29.542	27.359	Gains less losses on financial transactions	18.173	67.333	13.602	18.458
Property, plant and equipment	945.968	916.767	Other income	79.147	70.409	22.895	28.609
Goodwill and other intangible assets	103.040	30.861		99.931	142.331	36.592	50.379
Deferred tax assets	203.940	200.158	Total income	1.256.284	1.165.924	446.744	395.847
Other assets	281.268	291.013
	41.310.685	33.236.808	Staff costs	337.371	311.445	112.084	104.902
Non current assets held for sale	85.795	-	General administrative expenses	224.339	254.176	77.677	70.952
TOTAL ASSETS	41.396.480	33.236.808	Depreciation and amortisation expenses	47.446	42.818	16.054	14.559
			Other expenses	3.021	352	1.783	336
			Total expenses	612.177	608.791	207.598	190.749
LIABILITIES
Due to Banks	6.040.427	1.544.315	Impairment losses on loans and advances	188.803	166.725	64.587	60.702
Derivative financial liabilities	170.353	228.945	Share of profit (loss) of associates	-1.012	38.043	137	-472
Due to customers	21.244.300	20.696.624	Profit before tax	454.292	428.451	174.696	143.924
Debt securities in issue and other borrowed funds	8.943.007	6.727.078
Liabilities for current income tax and other taxes	85.756	175.550	Ιncome tax expense	91.572	112.915	35.983	38.801
Deferred tax liabilities	23.956	3.883	Profit after tax	362.720	315.536	138.713	105.123
Employee defined benefit obligations	592.353	557.269
Other liabilities	876.285	666.605	Attributable to the equity holders of the Bank	360.305	312.566	138.201	104.264
Provisions	300.737	289.093	Attributable to minority interests	2.415	2.970	512	859
Total Liabilities (a)	38.277.174	30.889.362
			Earnings per share:
EQUITY			Basic earnings per share (€)	1,26	1,10	0,48	0,37
Share Capital	1.456.018	1.274.272	Diluted earnings per share (€)	1,26	1,10	0,48	0,37
Share premium	125.685	-
Reserves	387.444	365.095	CONSOLIDATED CASH FLOW STATEMENT	1.1-30.9.2005	1.1-30.9.2004
Retained earnings	386.643	366.091
Treasury shares	-132.414	-18.873	Net cash flows from operating activities (a)	2.561.736	1.436.344
Minority Interests	52.368	63.508	Net cash flows from investing activities (b)	-2.063.601	-223.973
Hybrid securities	843.562	297.353	Net cash flows from financing activities (c)	410.971	44.980
Total Equity (b)	3.119.306	2.347.446	Net increase (decrease) in cash and cash equivalents (a)+(b)+(c)	909.106	1.257.351
TOTAL LIABILITIES AND EQUITY (a) + (b)	41.396.480	33.236.808	Effect of exhange rate fluctuations on cash and cash equivalents	9.217	-686
			Total cash flow for the period	918.323	1.256.665
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY			Cash and cash equivalents at beginning of the period	6.437.078	7.175.245
	30.9.2005	30.9.2004	Cash and cash equivalents at end of the period	7.355.401	8.431.910
Equity at beginning of the period (01.01.2005 and 01.01.2004 respectively)	2.347.446	2.096.337
Capital increase due to acquisition of 61.24% of DELTA SINGULAR Α.Ε	149.134	-
Change of participating interests in subsidiaries and new acquisitions	-25.456	-90.337
Dividends paid	-175.548	-118.822
Net income recognised directly in equity	37.457	-10.945
Profit for the period	362.720	315.536
Purchases / disposals of treasury shares and hybrid securities	-155.332	56.333
Proceeds from the issue of hybrid securities	588.000	-
Dividends paid to hybrid securities holders	-10.836	-10.382
Other	1.721	624
Equity at end of the period (30.9.2005 and 30.9.2004 respectively)	3.119.306	2.238.344

FINANCIAL INFORMATION OF ALPHA BANK GROUP

(Amounts in thousands of €)

FOR THE PERIOD FROM JANUARY 1, 2005 TO SEPTEMBER 30, 2005 (In accordance with P.D. 360/1985 and decision 17/336/21.4.2005 of the Board of Directors of the Capital Market Commission)