Alpha Bank Sa (APHBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Jyoti, your Chorus Call operator. Welcome and thank you for joining the Alpha Bank Conference Call to present and discuss the First Quarter twenty twenty six Financial Results. All participants will be in a listen only mode and the conference is being recorded. The presentation will be followed by a question and answer session. At this time, I would like to turn the conference over to Alpha Bank management. Gentlemen, you may now proceed. Hello, everyone, and welcome to the presentation of our First Quarter Results. I am Iasson Kepatsov, Alpha Bank's Head of Investor Relations. Our CEO, Vasilis Frasatis will lead the call with the usual summary and a few updates. Our CFO, Vasilis Cosmas will then go through this quarter's numbers in some detail. And Q and A will come at the end of the call and we should wrap up within the hour. Vasilis, over to you. Good morning, everyone, and thank you for joining our call. Let's start with an overview of the first quarter results on Slide four, please. This quarter, we have reported 182,000,000 of profit or EUR $221,000,000 on a normalized basis. These numbers are down both on a quarterly and on an annual basis affected by one off items that do not reflect underlying dynamics in the business relating to a voluntary separation scheme and non recurring factors affecting the performance of income from associates. On closer inspection, we're firing on all cylinders. Our net interest income is up 1% versus Q4 and 5% versus last year. Fees have increased 3% versus a seasonally strong fourth quarter and have jumped 29% versus last year. At 39%, our cost to income ratio has remained within guidance. At 44 basis points, the same can be said also for our cost of risk. Performing loans hav...