Alpha Bank Delivers Robust Financial Results And Strategic Growth In 2025

by THEFUTURE.TEAM

November 11, 2025

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.

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Cyprus Income Distribution 2024: An In-Depth Breakdown of Economic Classes

by THEFUTURE.TEAM

December 24, 2025

New findings from the Cyprus Statistical Service offer a comprehensive analysis of the nation’s income stratification in 2024. The report, titled Population By Income Class, provides critical insights into the proportions of the population that fall within the middle, upper, and lower income brackets, as well as those at risk of poverty.

Income Distribution Overview

The data for 2024 show that 64.6% of the population falls within the middle income class – a modest increase from 63% in 2011. However, it is noteworthy that the range for this class begins at a comparatively low threshold of €15,501. Meanwhile, 27.8% of the population continues to reside in the lower income bracket (a figure largely unchanged from 27.7% in 2011), with nearly 14.6% of these individuals identified as at risk of poverty. The upper income class accounted for 7.6% of the population, a slight decline from 9.1% in 2011.

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Income Brackets And Their Thresholds

According to the report, the median equivalent disposable national income reached €20,666 in 2024. The upper limit of the lower income class was established at €15,500, and the threshold for poverty risk was set at €12,400. The middle income category spans from €15,501 to €41,332, while any household earning over €41,333 is classified in the upper income class. The median equivalents for each group were reported at €12,271 for the lower, €23,517 for the middle, and €51,316 for the upper income classes.

Methodological Insights And Comparative Findings

Employing the methodology recommended by the Organisation for Economic Co-operation and Development (OECD), the report defines the middle income class as households earning between 75% and 200% of the national median income. In contrast, incomes exceeding 200% of the median classify households as upper income, while those earning below 75% fall into the lower income category.

Detailed Findings Across Income Segments

Upper Income Class: Comprising 73,055 individuals (7.6% of the population), this group had a median equivalent disposable income of €51,136. Notably, the share of individuals in this category has contracted since 2011.
Upper Middle Income Segment: This subgroup includes 112,694 people (11.7% of the population) with a median income of €34,961. Combined with the upper income class, they represent 185,749 individuals.
Middle Income Group: Encompassing 30.3% of the population (approximately 294,624 individuals), this segment reports a median disposable income of €24,975.
Lower Middle And Lower Income Classes: The lower middle income category includes 22.2% of the population (211,768 individuals) with a median income of €17,800, while the lower income class accounts for 27.8% (267,557 individuals) with a median income of €12,271.

Payment Behaviors And Economic Implications

The report also examines how income levels influence repayment behavior for primary residence loans or rental payments. Historically, households in the lower income class have experienced the greatest delays. In 2024, 27.0% of those in the lower income bracket were late on payments—a significant improvement from 34.6% in 2011. For the middle income class, late payments were observed in 9.9% of cases, down from 21.4% in 2011. Among the upper income class, only 3% experienced delays, compared to 9.9% previously.

This detailed analysis underscores shifts in income distribution and repayment behavior across Cyprus, reflecting broader economic trends that are critical for policymakers and investors to consider as they navigate the evolving financial landscape.

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