Alpha Services and Holdings SA
ATHEX:ALPHA
Alpha Services and Holdings SA
Alpha Services and Holdings S.A., a stalwart in the Greek banking sector, operates as the parent company of Alpha Bank, a venerable institution with roots tracing back to 1879. Historically, the bank has navigated Greece’s tumultuous economic waters, reflecting the resilience and adaptability that define its corporate ethos. Alpha Bank engages in a diverse array of financial services, providing a solid foundation for the holding company’s operations. From retail, corporate, and investment banking to asset management and insurance services, Alpha Services is integrally woven into the fabric of Greek financial life. By maintaining a strong focus on customer-centric banking solutions, the company fosters robust relationships with its clientele, spanning individuals, small enterprises, and large corporations.
Profitability for Alpha Services and Holdings S.A. stems from its broad financial product mix and strategic positioning in the market. The bank earns revenue through interest income from loans and mortgages, fees from transactional services, investment banking, and asset management. By leveraging its extensive branch network and digital banking platforms, Alpha facilitates seamless transactions and offers convenience to its customers, enhancing its operational efficiency. Furthermore, prudent risk management and regulatory compliance are crucial aspects of the bank’s strategy, safeguarding its financial health and ensuring sustainable growth amidst Greece's often volatile economy. Through these efforts, Alpha Services and Holdings S.A. aims to maintain its status as a key player in the banking industry, continuing a legacy of supporting economic development in Greece and beyond.
Alpha Services and Holdings S.A., a stalwart in the Greek banking sector, operates as the parent company of Alpha Bank, a venerable institution with roots tracing back to 1879. Historically, the bank has navigated Greece’s tumultuous economic waters, reflecting the resilience and adaptability that define its corporate ethos. Alpha Bank engages in a diverse array of financial services, providing a solid foundation for the holding company’s operations. From retail, corporate, and investment banking to asset management and insurance services, Alpha Services is integrally woven into the fabric of Greek financial life. By maintaining a strong focus on customer-centric banking solutions, the company fosters robust relationships with its clientele, spanning individuals, small enterprises, and large corporations.
Profitability for Alpha Services and Holdings S.A. stems from its broad financial product mix and strategic positioning in the market. The bank earns revenue through interest income from loans and mortgages, fees from transactional services, investment banking, and asset management. By leveraging its extensive branch network and digital banking platforms, Alpha facilitates seamless transactions and offers convenience to its customers, enhancing its operational efficiency. Furthermore, prudent risk management and regulatory compliance are crucial aspects of the bank’s strategy, safeguarding its financial health and ensuring sustainable growth amidst Greece's often volatile economy. Through these efforts, Alpha Services and Holdings S.A. aims to maintain its status as a key player in the banking industry, continuing a legacy of supporting economic development in Greece and beyond.
Record Profitability: Alpha Bank reported normalized Q1 profits of $239 million, the highest since before the global financial crisis, with reported profits at EUR 223 million, up 5% year-on-year.
EPS & Returns: First quarter EPS reached $0.09, and the normalized return on tangible equity was 15.4%. Full-year 2024 EPS is now expected above $0.45—about 7% higher than previous guidance.
Guidance Reaffirmed: Management reaffirmed guidance for net interest income (NII), NPE ratio, and costs, despite some macro uncertainty and lower rate expectations.
Capital & Dividends: CET1 ratio stood at 16.3% after Basel IV impact, with strong organic capital generation and a 50% dividend payout policy maintained.
Strategic M&A: Recent acquisitions, including AXIA Ventures and AstroBank, are expected to boost investment banking revenues threefold by 2027 and drive EPS accretion.
Loan & Deposit Growth: Performing loans grew 1% quarter-on-quarter and 13% year-on-year, with customer funds up 0.3% in the quarter and 8% annually.
Cost Control: Costs remained flat year-on-year due to efficiency programs, but are expected to pick up over the remainder of the year as investment increases.
