Alpha Bank Sa (APHBF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Jota, your Chorus Call operator. Welcome, and thank you for joining the Alpha Bank Conference Call to present and discuss the First Half 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 second quarter results. I am Iasson Kepapsoglou, Alpha Bank's Head of Our CEO, Vasilis Fasalidis, will lead the call with a usual summary and a few updates. Our CFO, Vasilis Kosmas, will then go through this quarter's numbers in some detail. Q and A will come up at the end of the call, and we should wrap up within the hour. Vasili, over to you. Good morning, everyone. Thank you for joining our call. Let's start with an overview of our results for the first half of the year on Slide four, please. The first half of the year saw us posting close to €05,000,000,000 in profits. On a normalized basis, this is up 6.5% versus last year. Our net interest income is up 7.3% versus last year, as we continue to benefit from growth in the loan book. Fees are up 34% on a headline basis, or 24% if one exclude dividends from our participation in Prodea, as we reap the benefits of investments in the business and our proactive M and A strategy. At 39%, our cost to income ratio has remained within guidance, showing the operating leverage of our business. Cost of risk continues to reflect the benign environment, up 42 basis points, and performing loans have grown at double digits. We've reached 87% of this year's target for net credit expansion alr...