Strong Financial Performance Drives Growth
Alpha Bank reported impressive financial performance for the first nine months of 2025, with post-tax profits reaching €703.7 million. The bank also recorded significant gains during the third quarter with profits of €186.7 million. Adjusted post-tax profits stood at €677.1 million for the nine-month period and €217.2 million for the third quarter, translating into a return on tangible equity (RoTBV) of 13.9% and 12.9% respectively.
Capital Adequacy And Operational Excellence
The bank maintained a robust fully-loaded Common Equity Tier 1 (FL CET1) ratio of 15.7% with a tangible book value per share of €3.28. Operating performance was strengthened by stable organic profitability and consistent balance sheet improvement. In Greece, net credit expansion reached €0.7 billion during the quarter, contributing to a performing loans portfolio totaling €35.7 billion, which saw impressive quarterly and annual growth of 2.2% and 13% respectively.
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Deposit Growth And Risk Management
Alpha Bank’s deposit base expanded by €1.6 billion (a 3.1% quarterly increase) with term deposits now accounting for 27% of the total. Total customer funds grew by 9.2% year-on-year, driven by an increase in the strong deposit base and a 17.2% boost in assets under management. The non-performing exposures (NPE) ratio remained contained at 3.6%, while risk management continued to align with targets, maintaining the cost of risk at 44-45 basis points for the reporting periods.
Strategic Acquisitions And Funding Milestones
In a strategic move to enhance its market footprint, Alpha Bank successfully completed the acquisition of AstroBank in Cyprus. This deal is projected to boost earnings per share by approximately 5%, further solidifying the bank’s position as the third-largest lender in Cyprus. Additionally, in October 2025, Alpha Bank issued a six-year senior preferred green bond of €500 million at a historically low margin, reinforcing its strong funding profile.
Management Commentary And Strategic Outlook
Alpha Bank’s CEO, Vasilis Psaltis, emphasized the bank’s commitment to value creation and sustainable growth. He highlighted that the diversified revenue streams and strong capital position—with a CET1 ratio of 15.7% that improves to 15.8% when accounting for planned M&A activities—ensure that the bank is well positioned to pursue selective acquisitions and improve shareholder returns. Notably, provisions for dividends have already reached €352 million with an interim dividend of €111 million scheduled for December.
Psaltis credited the bank’s robust performance to dynamic business lending, steady deposit inflows, and strategic partnerships, including enhanced cooperation with UniCredit. The collaboration, which reinforces UniCredit’s participation to approximately 29.5%, is already delivering benefits in the realms of Wholesale, Transaction Banking, and Wealth Management.
Conclusion
As Alpha Bank enters the final phase of its three-year strategic plan, the focus remains on delivering organic growth, targeted credit expansion, and sustained revenue diversification. With an upcoming Investor Day set for the second quarter of 2026, the bank is poised to outline its strategic priorities and showcase its continued momentum in a complex and evolving market environment.
