A strong first semester 2025 presents the Alpha Bankwith the profits After taxes reaching € 517 million, confirming the effectiveness of its strategic plan.
Compared to the corresponding semester of 2024, Alpha Bank’s profits are increased by 60% and account for 60% of the annual target. The quarter profits amount to EUR 293.7 million, ie 31% increased compared to the previous quarter.
Taking advantage of an extraordinary trimester revenue, Alpha Bank is further shielding its balance sheet, ensuring lower credit risk costs for the coming years, increasing the target for net profits per share by 2%.
Capital adequacy remains high, as the CET1 index stood at 15.7%, almost one percentage point higher than in the first half of 2024, while taking into account the positive impact on RWAS, estimated to result from the transactions of non -performing openings (MEA). It is noted that the transitional index CET1 for harmonization with Basel IV was higher by approximately 35 base points, at 16.6%.
The net credit expansion for the second quarter of 2025 reached EUR 0.9 billion, as a result of new disbursement of € 2.8 billion, up 33% compared to 2024, mainly due to the increase in disbursements to businesses, and secondarily to individuals. The portfolio of service loans recorded a 15% increase on a yearly basis.
The MEA index stood at 3.5% in the second quarter of 2025, reduced by 20 basis points, mainly due to the transfer of € 0.2 billion in the “assets for sale”, while the COR reached 39 basis points.
In a statement, Alpha Bank’s CEO, Vasilis Psaltis, states: “In the second quarter of 2025, Alpha Bank once again presented strong performance, which are based on the consistent implementation of our plan and our strategic insight. Bank, review our 2%estimate of profits per share (EPS).
Despite the challenges of the gradual decline in interest rates, net interest income has shown resilience, increasing by 1% on a quarterly basis, and stood at € 399 million. The basic sources of revenue remained strong, with supplies revenue rising 13% and standing at 122m euros at the same time, we continued with disciplined cost management, effectively holding our operating costs.
Our balance sheet continues to evolve according to our strategic plan. We maintain a strong commercial momentum, achieving a net credit expansion of EUR 0.9 billion, increasing deposits by EUR 0.9 billion and increasing inputs in management of € 0.5 billion our capital position remains strong, with our CET1 capital adequacy index at 15.7%.
This total dynamic allows us to record profits after taxes of EUR 517 million in the first half of the year – an amount corresponding to 60% of our annual target – of which EUR 259 million is intended for dividend distribution, achieving a € 14% performance.
The second quarter of 2025 was also characterized by significant strategic milestones. Our collaboration with the Hellenic Post Office (ELTA) will essentially enhance the financial inclusion of individuals and businesses, as Alpha Bank’s specialized products will be available through the ELTA nationwide network. At the same time, our strategic cooperation with Unicredit is constantly gaining more dynamic. We have successfully completed the merger of our activities in Romania, establishing a leadership position on the market, while the distribution of the onemarkets fund continued its upward trend, with investment interest exceeding 600 million euros. of our cooperation. Both organizations recognize the strategic importance of this cooperation and see it as a major competitive advantage, which we intend to fully use for the benefit of our shareholders and customers.
In June we proceeded to the organization of the group’s organizational restructuring, with the aim of simplifying our structure, enhancing innovation and further improving our functional efficiency, so that the bank remains flexible and continue to exploit the opportunities that emerge in the best way. I would like to thank all our Alpha Bank colleagues for their dedication and contributing to this important step forward.
Looking forward, Alpha Bank is not just walking on the right track – accelerating! With strong fundamental sizes, discipline in implementation and appropriate strategic partnerships, we are able to lead the new banking sector in Greece. We enter the second half of the year with strong dynamic and confidence, fully committed not only to achieve but to transcend our goals, setting new standards of quality and efficiency. With an annual increase in profits per share of 9% by 2027, our goal remains clear: to create long -term, sustainable value for customers, shareholders and society. “
Increase in interest revenue
The financial results reflect the powerful structure of the balance sheet and Alpha Bank’s low sensitivity to interest rates, as in an environmental interest rates, the bank has shown an increase in interest revenue by one percentage point, reaching EUR 399.3 million.
At the same time, supplies revenue reached € 122 million, up 13% compared to the previous quarter, mainly due to the increase in revenue associated with business loans, as well as cards and payment solutions.
Divide
Alpha Bank’s administration has already received a provision for dividend distribution of € 147 million in the second quarter, raising the total amount for the year to date to € 259 million. This amounts to about 60% of the annual target set for 2025 and provides for a 50% distribution of its published profits.
The bank intends to distribute a $ 111m -euro proposal from the current year in the fourth quarter of the year, equal to the forecast of the first trimester.
It is recalled that Payout for 2024 amounted to 43% (EUR 281 million), of which 25% or EUR 70.25 million, ie EUR 0.03 per share through the Cash Dividend and EUR 75% (EUR 211 million) through the repurchase of the same equity.
The € 211 million repurchase program has already been approved by the May 2025 General Assembly, will be activated shortly after today’s announcement of the Second Quarter results and will last until August 2026, and the stocks that will be re -launched are projected to cancel. It is noted that its launch was on hold due to the merger of Alpha Services and Holdings with Alpha Bank SA, which was completed at the end of June.
Strategic Cooperation with ELTA
In the second quarter of 2025, Alpha Bank announced strategic cooperation with the Hellenic Post Office to provide financial services through the 1,100 Network of ELTA Service throughout Greece.
The collaboration will include deposit products, payments and transfers, lending, insurance products and other financial solutions, ensuring a comprehensive bank experience for ELTA customers. In this collaboration, Alpha Bank provides its clients smoothly access to financial services, enhancing the financial inclusion for over 1 million citizens.
Enhancing Strategic Cooperation with Unicredit
In the first half of 2025, the strategic cooperation between Alpha Bank and Unicredit further enhanced, giving tangible and substantive results in critical areas, such as Wholesale Banking and Asset Management.
The OneMarkets Fund investment program recorded significant momentum, as distributions exceeded € 600 million, five private placements were made and two new series of life insurance products were issued with a total of 78m euros.
At the same time, the two banks have jointly issued credit and guarantees of more than € 200m, and since the start of the co -operation have been approved international consortium loans of € 300 million, confirming Alpha Bank’s international role as a reliable financial partner.
Raises goals for 2025 and the following years
Alpha Bank’s administration took advantage of the extraordinary profitability of the quarter to shield the bank’s balance sheet, bringing forward forecasts that would need a plan to take in future uses. As a result, the credit risk index expects to fall on 45 AB. From now on, leading to an increase in the target for profits per share by 2%.
Note that with the results of the first quarter, Alpha Bank had already increased the target of 2027 profits by 6 percentage points.