Alpha Bank CEO’s interview with Edison

In an interview with Edison, Alpha Bank’s CEO Mr Vassilios Psaltis talked about our strategy for the next 3 years, our leading position in wholesale banking and the benefits from the UniCredit deal. 

With its 140-year history, Alpha Bank is the oldest privately-owned Greek bank, and the only listed company in the Athens Stock Exchange which uninterruptedly paid dividends from WWII until the onset of the Greek crisis. 

As the trusted relationship bank of Greece, our customers see us as reliable, resilient and humane. This is reflected in our market positioning, as the market leader in Wholesale and the bank of choice for the affluent customers, but also in our high customer satisfaction scores and longstanding relationships, noted Alpha Bank’s CEO.

As Mr Psaltis mentioned we have an ambitious plan for the next 3 years, aiming to grow our earnings at an annual pace of 20%, delivering a return on tangible equity above 12% by 2025, while generating nearly €2.3 billion in capital throughout the period.

The interview also shed light on Alpha Bank’s 6 strategic priorities for 2025, which were outlined during its Investor Day 2023:

• Digitising everyday banking needs to focus service on high-value segments in Retail.
• Scaling our Wealth engine to increase investment penetration.
• Consolidating the leadership in Wholesale.
• Improving returns on deployed capital in International.
• Maintaining the resilience of our balance sheet.
• Leveraging ESG for value creation.

Mr Psaltis also referred to the groundbreaking three-pronged deal between Alpha Bank and UniCredit, including the merger of both groups’ subsidiaries in Romania, creating the third-largest bank in Romania.

During the interview, Alpha Bank’s CEO also referred to Greece’s positive macroeconomic and political landscape, which is making banking in Greece increasingly attractive for investors, as evidenced by the nation’s return to an investment-grade credit rating in 2023.