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Alpha Bank Wins Best Private Bank In Greece Award For Eighth Year

Alpha Bank was named Best Private Bank in Greece at the Euromoney Private Banking Awards for the eighth consecutive year, reflecting continued recognition in the private banking sector. This distinction highlights the bank’s performance in wealth management services and its position in the domestic market.

Award-Winning Distinctions

For the eighth consecutive year, Alpha Bank received the Best Private Bank – Greece distinction at the Euromoney Private Banking Awards. Recognition reflects consistent performance in private banking services. Evaluation criteria include service offering, client engagement, and investment capabilities across markets.

Innovative Investment Solutions

Additional recognition was awarded for discretionary portfolio management services, a category focused on asset management and investment strategy execution. Held in London, the ceremony brought together executives and representatives from international financial institutions.

Driving Digital Transformation And Governance

Among the factors highlighted by judges were Alpha Bank’s digital infrastructure and investment governance framework. These elements support portfolio management processes and client service delivery. Such systems enable oversight of client portfolios in changing market conditions.

A Legacy Of Excellence

Since introducing private banking services in Greece in 1993, Alpha Bank has built more than 30 years of experience in the segment. Operations continue to focus on wealth management for high-net-worth clients. Services extend across domestic and international markets, with an emphasis on portfolio management and advisory services.

Leadership Perspective

According to Private Banking Director Andreas Katsogiannos, the distinctions reflect a focus on delivering services aligned with client needs. He added that the results are supported by the bank’s team and the ongoing development of its wealth management offering.

Strategic Implications

Overall, the award reflects Alpha Bank’s position in Greece’s private banking sector and continued activity in wealth management. Across the sector, competition remains focused on investment performance, digital infrastructure, and client services in international markets.

Limassol Port Electrification Awaits Grid Connection And EU Funding

Plans to equip Limassol port with shore-side electricity are advancing at the technical level, but unresolved administrative procedures, a pending grid connection and the need to secure European funding continue to delay implementation.

The proposed shore-power system, also known as cold ironing, would allow vessels to connect to electricity while berthed, reducing reliance on onboard engines and cutting emissions and noise in the surrounding area.

Technical Studies Near Completion

Transport Minister Evi Tsolaki said work is progressing through the EU-backed DecarbonLim programme, which is preparing the technical assessment and feasibility study required before construction can begin. The ministry is seeking regular updates from the Cyprus Ports Authority on the studies’ completion timetable.

The initiative also involves Frederick University, Eurogate Container Terminal Limassol, DP World Limassol, the Electricity Authority of Cyprus, the Cyprus Transmission System Operator and Limassol Municipality.

Grid Connection Remains A Key Hurdle

Despite progress on the studies, construction cannot proceed until the project secures a connection to the national transmission network.

Tsolaki said the ministry has requested land from the Department of Lands and Surveys for an electricity substation. Once the site is allocated, the relevant applications can be submitted to the Cyprus Transmission System Operator to advance the grid-connection process.

Until these steps are completed, the project will remain in the preparatory phase, even if the technical studies are finalised.

European Funding Adds Urgency

The feasibility work under DecarbonLim will support an application for construction financing, Tsolaki said. A competitive European funding call is currently open, and the ministry intends to submit an application within the required timeframe.

The funding window has raised concerns in parliament. MP Fotini Tsiridou warned that further delays could undermine Cyprus’ chances of securing EU support, noting that similar port electrification projects elsewhere in the bloc have already received funding.

Speaking to Entrepreneurial Limassol, published by the Limassol Chamber of Commerce and Industry, Tsiridou said she had observed some progress but had yet to receive a formal response to her parliamentary question.

Environmental And Commercial Benefits

Tsiridou argued that shore-side electricity would deliver benefits beyond emissions reductions, including less noise and air pollution for residents near the port.

“Our port should not be disconnected from the rest of the city,” she said, describing shore-power infrastructure as both a necessity and a European obligation.

Across Europe, port electrification is increasingly linked to environmental performance and competitiveness. By allowing compatible vessels to switch off auxiliary engines while docked, shore-power systems can reduce local emissions and noise while supporting wider decarbonisation goals.

Construction Timetable Still Unclear

The Cyprus Ports Authority signed a contract with DBA S.p.A. in July 2025 for a comprehensive study of the system’s technical, economic and environmental requirements. The work was intended to establish the basis for installation and identify any necessary port infrastructure upgrades.

More than a year later, key steps concerning land allocation, grid connection and financing remain unresolved. No timetable has been announced for completing these procedures or submitting the final funding application.

Limassol’s shore-power project therefore remains between planning and implementation. Its next milestones are securing the substation site, progressing the transmission-network application and obtaining construction financing. Until these are in place, the port’s transition to shore-side electricity cannot move into the construction phase.

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