Alpha Bank showcases its success story at BofA conference in London

For the archetypal clip successful 15 years, a Greek slope – Alpha Bank – took the main stage of the Bank of America Financials CEO Conference successful London, alongside the heads of starring European fiscal institutions.

Alpha Bank’s beingness is not lone a item for itself, but besides an denotation of Greece’s dynamic instrumentality to the European fiscal map, with Greek banks being recognized arsenic a regular, charismatic concern destination.

The Bank records the champion show successful terms of its stock marketplace dynamics worldwide, with strong results and disciplined execution.

At the aforesaid time, the summation successful UniCredit’s information to 26% constitutes a wide vote of assurance — some successful the strategic program and absorption of the Bank and successful the prospects of the Greek economy.

In the discourse of the conference, which was attended by analysts, investors and high-ranking executives of the planetary banking industry, the Bank’s CEO Vasilis Psaltis referred, among different things, to the enlargement of the strategic practice with UniCredit, Alpha Bank’s concern improvement exemplary arsenic well arsenic to the changes, opportunities and challenges the Greek fiscal system is called upon to face.

Vote of assurance from UniCredit

“UniCredit accrued its stake successful Alpha Bank to 26% successful a determination that reflects assurance successful some the slope and the Greek economy. We are arrogant of what we person achieved so acold and what we are achieving together,” said the bank’s CEO, adding that “this strategic concern is already delivering tangible results and opens up caller opportunities for Alpha Bank: entree to 13 markets, synergies successful plus management, structured products, transaction banking and planetary syndicated lending,” helium added.

New concern model

During the discussion, the CEO of Alpha Bank emphasized that the Group seeks to flooded the relation of a classical commercialized bank. With a beingness successful London and Luxembourg, it aims to internationalize its services successful wealth absorption and firm banking. The extremity is to travel Greek entrepreneurs and investors with enactment overseas and connection them services that they person so acold recovered successful planetary groups. “The collaboration with UniCredit functions arsenic a powerfulness multiplier: it allows Alpha to support the quality of a Greek slope with section knowledge, but with entree and work capabilities astatine the level of a European champion,” Psaltis stated, describing this way arsenic a transition to a “micro-universal bank” model, which combines section know-how with planetary access.

Acquisitions arsenic a tool for strategic growth

Psaltis besides emphasized that Alpha Bank has adopted a much progressive acquisition strategy, leveraging its superior adequacy. He clarified, however, that acquisitions are not an extremity successful themselves; they are a tool to accelerate the bank’s strategy with subject and a wide goal: amended services for its customers. “The acquisition of AstroBank successful Cyprus gave it a 10% marketplace stock and a strong presumption successful an system intimately linked to Greece.

The absorption of Flexfin strengthened its beingness successful the financing of small and medium-sized enterprises, a crucial sector for the Greek economy. At the aforesaid time, the integration of AXIA Ventures into Alpha Finance creates a starring concern level successful Greece and Cyprus, aiming to screen superior markets and high-level advisory services. Finally, the collaboration with ELTA offers much than 1,000 further work points, expanding entree to areas with constricted banking coverage,” helium explained.

Corporate lending and slope credit

Vassilis Psaltis described the two ascendant issues of firm lending and owe recognition arsenic two inversely proportional dynamics.

As helium said regarding concern financing, home dynamics are strong arsenic they are increasing astatine rates supra the European average, supported by some the Recovery Fund and backstage investments. In contrast, owe recognition is stagnant. The occupation is not request but supply: it is estimated that there is simply a shortage of astir 200,000 homes. State κοινωνικά lodging programs are a affirmative archetypal step, but the λύση will lone travel with monolithic caller operation and incentives for backstage investors.

High profitability and returns

The absorption remains committed to the target of 9% yearly maturation successful net per stock implicit the play 2024–2027, excluding stock buybacks. Net involvement income is expected to transcend 1.7 cardinal successful 2026 and 1.8 cardinal successful 2027.

“Our forecast of 1.8 cardinal euros successful 2027 is secured and this is earlier incorporating immoderate publication from AstroBank oregon different M&A activities. The drivers are clear: continued indebtedness growth, improving margins successful the non-trading sector. We person managed our equilibrium expanse with attraction and prudence, so that we tin look immoderate adverse conditions, and this means that our maturation is resilient,” Psaltis stressed. On the returns to shareholders, helium said that the slope is committed to a payout ratio of astatine slightest 50% for the three-year play 2025–2027, leaving unfastened the anticipation of higher returns done dividends oregon stock buybacks.

“Aggressive” concern successful technology

Asked astir the contention successful narration to fintechs, Psaltis said that successful the Greek situation things are not so competitive, with the lone exceptions being payments and retail banking. “However, Alpha is investing aggressively successful integer channels and partnerships, wanting to conscionable the increasing request for speed and flexibility,” helium said. The Bank’s CEO was accompanied by CFO Vassilis Kosmas and IR Director Iason Kepaptsoglou. The Alpha Bank delegation had, connected the sidelines of the Conference, a bid of meetings with implicit 70 executives from planetary concern companies.