Alpha Bank eyes 25% increase in profits

The management of Alpha Bank is aiming for a 25% increase in profitability in 2023, focusing on paying a dividend to its shareholders in combination with strengthening its capital base and further reducing the nonperforming loan ratio below 7%.

"Maximizing the value for our shareholders remains our main strategy," pointed out the CEO of the Alpha Bank group, Vasilis Psaltis, speaking in the context of informing investors about the results of the previous financial year in which the group returned to profitability, recording net profits after taxes of 398 million euros.

The bank's operational objectives according to management are focused "on growth and value creation through the provision of financing to business activities with a risk-adjusted return on capital, creating the conditions for the payment of dividends." In this context, the management is expected to...