It confirmed its target for net interest revenue of € 1.65 billion this year, its administration Alpha Bank When presenting the first quarter results to analysts, and predicted that the credit expansion would exceed 2 billion euros.
The net credit expansion of Alpha Bank was raised by 0.6 billion euros in the first quarter mainly due to increased business demand, while the portfolio of service loans recorded a 13% increase on an annual basis.
According to analysts by Alpha Bank CEO Vasilis Psaltis, the first quarter was better than expectations and the forecasts by the end of 2027 are revised upward, with the rendering of the Exodus of the same equity (ROTE) to reach 13% (from 12% of the original provision). Cents, out of 42 initially estimated and the creation of funds by the bank will cumulatively rise to the three -year period 2025 – 2027 at 3 billion euros, with the target of distribution of earnings to shareholders steadily moving to 50% in the coming years.
As mentioned in the presentation of the first quarter results, Alpha Bank recorded the strongest quarter in terms of profitability in its history, with net profits of € 223 million in the first quarter, a performance translating into 15.4%.
“This powerful result places us on a steady track of achievement, thereby confirming the consistent and targeted implementation of our strategic plan,” Mr Psaltis said, setting Alpha Bank’s priorities to expand and profitability of its loan portfolio, EUR 111 million in the first quarter corresponding to 50% of the profits) and the exploitation of surplus capital to implement its strategy.
In this context, Alpha Bank’s CEO highlighted the three acquisitions that the bank made since the beginning of the year – Flexfin, Astro Bank, Axia Ventures – saying about the latter that it aims to create the largest investment banking and capital markets in Greece and Cyprus.
Through the acquisition of Axia (the transaction will be closed in the third quarter of 2025), investment and stock market revenue is expected to triple in the coming years, and is estimated to exceed EUR 45 million from € 10 – 15 million today.