Athens, Greece. Alpha Bank reported strong operational performance in the first quarter of 2026, citing double-digit revenue growth and resilient profitability despite heightened geopolitical uncertainty.
Revenue and profit performance
Core revenues rose 11.5% year-on-year, supported by a 29% increase in fee income and a 5.3% rise in net interest income. Adjusted net profits reached €221 million, while reported net profits were €182 million after one-off items.
Profitability indicators
Return on tangible book value (RoTBV) was 12.6%, and earnings per share were €0.08.
Executive comments and outlook
Chief executive Vassilis Psaltis said Alpha Bank delivered a strong start to 2026 and that first-quarter performance confirmed the momentum of its business model. He said profits were affected by factors related exclusively to the first quarter and not to recurring business activity, adding the bank remained on track to fully achieve its 2026 targets.
Full-year targets reaffirmed
The lender reaffirmed full-year targets of €950 million in profits and €0.40 earnings per share.
Fee income growth
Fee income reached €139.7 million, rising 2.7% quarter-on-quarter and 29% year-on-year, and was cited as the key growth driver.
What do you consider the most important factor behind Alpha Bank’s first-quarter revenue growth?
