Business
Alpha Bank S A : Αποτελέσματα Α’ τριμήνου 2026
Alpha Bank S A : Αποτελέσματα Α’ τριμήνου
About this update from Alpha Bank S.a.
[{"type":"text","content":" Alpha Bank Q1 2026 Results Investor presentation 20th May 2026 Pages Business Update 3 Alpha Bank Financial Performance 12 Macroeconomic Update 20 P&L 22 Balance Sheet 34 Asset Quality 46 Capital 52 Segmental Information 58 Recent M&A 64 Digital 71 ESG 73 3 Q1 2026 results Q1 2026 Group Results Set strong profitability foundation Reported Profit After Tax Normalised Profit After Tax Net Interest Income €182mn (17%) €221mn (6%) €416mn +5% y/y Return on Tangible Equity1 12.6% or 8.6% reported Earnings Per Share2 Resilient Top line & Growth in Fees Fee services income €140mn +29% y/y €0.08 or €0.06 reported Low NPE ratio & Cost of Risk de-escalation Increase in customer balances Excess capital growth allows for distribution NPE ratio Cost of Risk Performing loans Customer funds Organic capital generation Growth in Tangible Book Value4 3.7% 44bp +11% y/y +18% y/y +25bp +10% y/y Fully Loaded CET1 Ratio 14.7% 3 ccrual 0.0Payout a 55% or €100mn of Q1 26 reported profit 4 1| Based on normalized profit after tax over average TBV; Calculated after deduction of AT1 coupon payments; Adjusted excluding capital above management target and dividends accrued but not paid; 2| Earnings per share Diluted; based on 4 normalized profit after tax post AT1 coupon; 3| Subject to regulatory approval; out of which 111mn interim dividend was paid in December 2025; 4| Adjusted for dividend and buyback Greece entered 2026 with improved credibility and strengthened macroeconomic performance De-escalation of Public Debt Greek Economy Dashboard 200 180 160 140 (% GDP) 120 100 80 60 40 20 0 177.8 164.3 Greece 154.2 Euro area 146.1 90.6 88.1 88.1 88.8 2022 2023 2024 2025 Real GDP growth 2.1% 2025 …outperforming the EA average (1.4%) for the fifth consecutive year HICP inflation Investment growth 8.9% 2025 …accounting for the largest contribution to GDP growth for the first time in the post-pandemic period Unemployment Exports growth 1.7% 2025 …remaining on an upward trajectory since 2021 and reaching 40% of GDP compared to 22% in 2010 Travel Receipts 2.9% 8.9% €23.6bn 2025 2025 2025 Sizable primary surpluses, compared to deficits in the euro area 6 Greece Euro area 2.0 -0.1 -1.7 -1.2 -1.2 -1.8 5 4 3 (% GDP) 2 1 0 -1 -2 -3 4.8 4.9 …mainly driven by services but picking up in Mar-26 (3.4%) and Apr-26 (4.6%) due to Middle East war and rising energ...