Greece · Delayed Price · Currency is EUR Alpha Bank Earnings Call Transcripts
Fiscal Year 2026
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Profits and fee income grew strongly in H1 2026, with upgraded EPS guidance and robust loan demand. Capital ratios remain solid despite RWA growth and one-offs, while the UniCredit partnership and M&A are driving expanded capabilities and cross-border business.
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Q1 2026 profit declined due to one-offs, but core income and fees grew strongly year-over-year. Asset quality and capital remain robust, with guidance reaffirmed for full-year profit and EPS. Strategic acquisitions and disciplined capital allocation support long-term growth.
Fiscal Year 2025
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Profits rose 44% year-over-year to €943 million, with strong loan and deposit growth, stable asset quality, and a 55% payout ratio. 2026 guidance targets €950 million profits, double-digit fee growth, and continued disciplined cost management.
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AI is driving a new era of banking transformation, with investments in fintech, partnerships, and operational AI adoption accelerating digital and customer-centric change. FinQuest 2025 showcased startups delivering AI-powered solutions across sectors, while Greece and the EU advance digital infrastructure and responsible regulation.
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Nine-month profit reached EUR 704 million with strong EPS and robust capital ratios, driven by fee income growth, corporate lending, and a deepened UniCredit partnership. Guidance for 2025 and beyond remains positive, with higher dividend payouts and continued M&A integration.
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First half 2025 profit reached €517 million, with strong fee and net interest income growth. EPS guidance was upgraded, cost of risk reduced, and capital remains robust above 15%. Strategic partnerships and disciplined lending support continued outperformance.
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Q1 2025 profits rose to €239 million with strong capital and asset quality metrics. Guidance for 2024 EPS and profitability was upgraded, supported by bolt-on acquisitions and resilient loan growth. Strategic partnerships and sector diversification underpin positive medium-term outlook.
Fiscal Year 2024
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Normalized profits grew 9% to €861 million, with a 14% return on tangible equity and CET1 at 16.3%. Outlook projects stable capital ratios, 13% fee income growth, and 6% annual EPS growth, supported by digitalization, M&A, and a strong capital base.
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Recurring earnings reached EUR 666 million with a 14.4% ROE and strong loan and fee income growth. Upgraded 2024 guidance reflects resilient net interest income, lower cost of risk, and robust capital ratios, with further upside from the UniCredit partnership.
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Recurring earnings rose 23% year-on-year to €437 million, with strong capital buffers and fee income growth. NPE ratio dropped to 4.7%, and 2024 guidance was upgraded for NII and fees, while capital returns and asset quality remain robust.