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Alpha
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EconomyBanking
First round of HFSF's divestment from systemic banks concludes with 28 bln realised losses The Hellenic Financial Stability Fund (HFSF), which was set up at the start of the debt crisis to support the banking sector, completed last week the first round of sales of its stakes in the four systemic banks, realising record losses for the Greek state.
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EconomyBanking
Alpha Bank's NII at 1.65 bln in 2023, rising by 41 pct Alpha Bank reported a net profit of 611 million euros in 2023, compared to a profit of 368 million euros in 2022.
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EconomyBanking Sale of Alpha, NBG stakes move state's bank divestment forward as realised losses near 12 bln The Greek government is moving ahead swiftly with the execution of its plan to divest from the Greek systemic banks. Since Eurobank bought back a small 1.4 pct stake held by the state, the sale of the stake in Alpha Bank has been completed and the process for divestment from National Bank (NBG) shares has been launched.
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EconomyBanking
Alpha Bank NII jumps by 46 pct YoY in 9M, reaching 1.34 bln Alpha Bank reported a net profit of 491 million euros in 9M 2023, compared to a profit of 309 million euros in 9M 2022.
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EconomyBanking
Alpha-UniCredit deal marks step change in developments for banking sector The developments in the Greek banking sector moved up a gear on Monday with the announcement of a strategic partnership between Alpha Bank and Italy’s UniCredit, a deal that includes the Romanian business of the two parties, the sale of the Greek lender’s insurance and the prospect of UniCredit acquiring the 9 pct stake in Alpha held by HFSF.
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EconomyBanking Positive sentiment around banks continues to grow This year’s positive story around Greek banks is gaining momentum as systemic lenders appear to be leaving behind them the troubled era of the debt crisis and the sector is recording solid profitability hinged on the ECB’s tightening of monetary policy.
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EconomyBanking
Alpha's net interest income rises to 863.7 mln, up 48.5 pct YoY Alpha Bank reported a net profit of 302.6 million euros in H1 2023, compared to a profit of 238.6 million euros in H1 2022.
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EconomyBanking
Alpha Bank's normalised profit at 162 mln in Q1, NII jumps by 51 pct to 424 mln Alpha Bank reported a net profit of 111 million euros in Q1 2023, compared to a profit of 123 million euros in Q1 2022.
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EconomyBanking Lenders confident of being well-placed to overcome global banking sector turbulence Following last week’s turbulence in the global banking sector after the collapse of two banks in the US and trouble at Credit Suisse, the entire banking system, led by Bank of Greece governor Yiannis Stournaras tried to ensure that there is not a shred of doubt about the resilience of the Greek banking system.
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EconomyBanking After 2021 balance sheet clean-up, Alpha Bank turns profit of 398 mln in 2022 Alpha Bank reported a net profit of 398 million euros in 2022, compared to a loss of 2.91 billion euros in 2021.