Alpha Services and Holdings S.A. (ALBKY) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Mina, your chorus call operator. Welcome and thank you for joining the Alpha Bank conference call and live webcast to present and discuss the first half of 2025 and national 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. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Alphabank Management. Gentlemen, you may now proceed. Hello, everyone. I am Iasson Kepapsovlu, Alphabank's head of IR. Welcome to the presentation of our Q2 results. Vassilios Psaltis, our CEO, will lead the call, summarizing the second quarter and providing you with a few updates. And then Vassilios Kosmas, our CFO, will go through these quarter's numbers in some detail. However, we will take Q&A in the end, and we should finish within the hour. Vasily, over to you. Good morning from my side as well, and thank you all for joining. Let's start with financial results on slide four, please. The first half of the year has put us on solid footing to deliver on our main objectives for the year. Profits for the first half of the year stood at $517 million, or $0.19 per share, and up 52% of the target we have set for the year. translating to a 14.2% normalized return on tangible equity. We have also accrued 259 million euros for distribution so far this year. That's 60% of the guidance we have set, and we intend to distribute circa 111 million, which is the first quarter accrual, as an interim dividend in the fourth quarter. Our performance is driven by the defensive nature of a net interest income, that wa...