Founded in 1879, Alpha Bank is the third largest Greek bank with assets totalling €74bn in June 2023. Aside from Greece, the bank has operations in Cyprus, Romania, Luxembourg and the United Kingdom, providing an array of financial services including retail and corporate banking, life insurance, investment services and real estate management.
Financials |
Update
Financials |
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Iason Kepaptsoglou
Head of IR
Vassilios Psaltis
CEO
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 0.0 | (5.2) | 35.0 |
Relative | (4.9) | (9.7) | 2.8 |
52 week high/low | €1.8/€1.2 |
Alpha Bank (Alpha) reported €611m in net profit, a 66% jump from FY22, as the bank benefited from an elevated interest rate environment with little impact from deposit migration and strong cost control. Alpha delivered a normalised return on tangible equity (RoTE) of 12.9% in FY23, beating its own upgraded target of >11.5%. The increased profitability coupled with a robust capital position (fully loaded common equity tier 1 (FL CET1) of 14.3%) have enabled a proposed dividend of €0.05 a share, subject to regulatory approval.