Athens, Greece. Alpha Bank reported net profits of €943.3 million for 2025 and announced a €519 million distribution to shareholders, calling 2025 a decisive year for its strategy and growth trajectory.
Strategic plan and acquisitions
CEO Vassilis Psaltis said 2025 marked the successful completion of the three-year strategic plan that began in 2023. He said the bank exceeded its strategic and financial targets during the period and completed acquisitions intended to strengthen capabilities, accelerate strategy, and support long-term growth.
Fourth-quarter income and capital metrics
In the fourth quarter, net interest income reached €413.3 million, up 3 per cent quarter-on-quarter, primarily due to the acquisition of AstroBank. On a recurring basis, net interest income benefited from a higher contribution from loans despite reduced lending margins, while for the full year 2025 it declined by 2 per cent year-on-year.
Return on tangible equity based on adjusted profit after tax stood at 13.1 per cent in the fourth quarter of 2025. Adjusted earnings per share were €0.36, and the FL CET1 ratio was 15 per cent.
Lending activity in Greece and credit expansion
Alpha Bank reported a record level of new disbursements in Greece of €4.2 billion in the fourth quarter, a 40 per cent increase quarter-on-quarter and a 4 per cent rise year-on-year.
Net credit expansion in the fourth quarter was €1.3 billion, reflecting increased demand for loans mainly from businesses despite high repayment levels. For the full year 2025, net credit expansion reached €3.5 billion.
Psaltis said commercial momentum remained strong, with net credit expansion mainly driven by financing to businesses, and described Alpha Bank as the bank of choice for the business community in its core markets, Greece and Cyprus.
Customer funds and assets under management
Customer funds increased by 11.5 per cent year-on-year, driven by an 8 per cent annual rise in deposits, or 4 per cent excluding AstroBank. The bank also reported a 21 per cent increase in assets under management, with equities rising 28 per cent year-on-year and mutual funds also up 28 per cent year-on-year.
What do you expect Alpha Bank’s acquisitions to change in its core markets, Greece and Cyprus?