RNS Number:5696K
Alpha Bank A.E.
30 April 2003


                  Fixed interest rates for Alpha Housing Loans


Alpha Bank announces new fixed interest rates valid as from Monday 12 May, 2003
as follows:

Alpha Housing Loans

  * Fixed interest rate for 3 years     from 6.10% to 5.50%

  * Fixed interest rate for 5 years     from 6.30% to 5.80%

  * Fixed interest rate for 7 years     6.10% (new period of fixed interest
    rate)

  * Fixed interest rate for 10 years     from 6.75% to 6.50%

  * Fixed interest rate for 15 years     6.75% (unchangeable)

Alpha Housing Repair Loans' interest rates are being adjusted respectively.

                                                 Athens, 30 April, 2003


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