Alpha Bank has demonstrated strong financial performance in 2025, with post-tax profits soaring to €703.7 million, a significant increase driven by its expansion into the Cypriot market.
- Alpha Bank has demonstrated strong financial performance in 2025, with post-tax profits soaring to €703.7 million, a significant increase driven by its expansion into the Cypriot market.
- The organisation plans to host an Investor Day in the second quarter of 2026 to outline strategic priorities and share how it intends to leverage its current momentum.
The bank’s profits after tax reached €703.7m for the first nine months of 2025, with the third quarter alone contributing €186.7m. Adjusted profits also reflected robust growth, amounting to €677.1m for the nine-month period and €217.2m for the third quarter.
Alpha bank: Key Financial Metrics Indicate Stability
Alpha Bank’s return on tangible equity (RoTBV) stands at 13.9% for the nine-month period, with a slightly lower 12.9% for the third quarter. The fully-loaded Common Equity Tier 1 (FL CET1) ratio remains strong at 15.7%, and the tangible book value per share is €3.28.
During the third quarter, the group recorded stable organic profitability alongside continuous improvements in its balance sheet. Notably, net credit expansion in Greece reached €0.7 billion, contributing to a total performing loans increase of €0.8 billion in the quarter, marking a quarterly rise of 2.2% and an annual rise of 13% to reach €35.7 billion.
Deposits and Customer Funds on the Rise
In a positive trend, the bank’s deposits increased by €1.6 billion, a quarterly rise of 3.1%, with term deposits now representing 27% of the total. Customer funds surged by 9.2% year-on-year, reflecting a strong deposit base and an increase in assets under management.
Focus on Non-Performing Exposures and Risk Management
The non-performing exposures (NPE) ratio was reported at 3.6%, with the cost of risk aligning with management’s target at 44 basis points in the third quarter and 45 basis points for the nine-month period. The organic profitability of the quarter positively contributed by 38 basis points to the FL CET1 ratio, which remains robust even after accounting for a dividend distribution provision of €93 million.
Acquisition of AstroBank Marks a Strategic Move
As part of its growth strategy, Alpha Bank completed the acquisition of AstroBank in Cyprus, projected to boost earnings per share by approximately 5% with the integration of synergies. This acquisition solidifies Alpha Bank’s position as the third-largest bank in Cyprus.
CEO Highlights Strong Performance and Future Plans
Vasilis Psaltis, the CEO of Alpha Bank, emphasised the bank’s ability to create value for stakeholders, attributing the €703m profits to a strong capital position and successful risk management strategies. He noted that customer deposits increased by 9% annually, reaching €74.2 billion, driven by significant inflows from corporate clients.
Psaltis also mentioned that the bank’s strategic partnership with UniCredit has been strengthened, with UniCredit increasing its stake to approximately 29.5%. This collaboration has already yielded positive results in various banking areas, including wholesale and transaction banking.
Looking Ahead
As Alpha Bank enters the final phase of its three-year strategic plan, it remains committed to sustainable growth and achieving attractive returns. The bank aims to maintain medium to high single-digit credit expansion rates and continues to focus on revenue diversification and strict cost control.
The organisation plans to host an Investor Day in the second quarter of 2026 to outline strategic priorities and share how it intends to leverage its current momentum.
