In the aftermath of a demanding but successful year “which confirmed Alpha Bank’s ability to focus decisively on tomorrow and manage developments as opportunities and not as threats”, Alpha Bank CEO Vassilis Psaltis underlines, addressing Group executives, that “we must develop Alpha Bank into a financial institution that will be fully coordinated with the dynamics developing in the Society, will actively support the progress of citizens and businesses, will make those who work in it proud and, finally “will be the most attractive employer for talented young people.”
He adds that “for Alpha Bank this change is not imposed by the circumstances, but is a conscious choice, the result of communication and interaction with our staff.”
Regarding the 2021 report, the CEO of the Group notes that “the financial crises of the last decade and the pandemic have made us stronger and more resilient. Alpha Bank of the Future “and lists a number of milestones, such as:
The completion of a series of complex transactions, “so that the Bank can leave behind the legacy of red loans and reduce the non-performing exposures (NPLs) by 14 billion euros or by 26 percentage points”.
The successful completion of the first development character, share capital increase in the Greek banking system after more than twelve years of crisis, “a move that confirms our position as a pioneer of banking developments and signals our determination to support the development of Greek society and prospects of the Greek economy, taking advantage of the historic opportunity offered to the country by the Recovery Fund and other Community financing initiatives “.
The continuous and consistent investment in the digital capabilities of the Bank, “in order to provide uninterrupted and high level services, but also to prepare for the next day of competition in the field of transactions”.
The successful new releases “prove the firm confidence of the investment community in the Bank’s strategic plan”.
The realization of Business Changes and Sections for the decisive improvement of the profit prospects of Alpha Bank. “Our strategic alliance with Generali in the field of bancassurance, Nexi in merchant acquiring and settlement of payments, Davidson Kempner / Cepal in the management of MEAs, the EBRD in a series of financing initiatives in our country and, soon, through the Project Skyline in the real estate sector, are movements that improve our know-how, upgrade the quality of services to our Customers and diversify the sources of revenue for our Group “notes Mr. Psaltis.
Also, “the sale of the subsidiary in Albania is a practical recognition of the value of Alpha Bank’s presence in the country to date, but also a basis for a mutually beneficial commercial cooperation with the OTP Banking Group in markets where we do not have a presence, but customers the bank’s”.
Closing his message to the staff of the Group, Mr. Psaltis underlines that “it is a common effort to build an extroverted and innovative Bank, a Bank that, through the provision of high quality services, will continuously improve the levels of productivity and profitability and will create value for our staff and shareholders “and adds:” in a year of intensifying competition between banking institutions, we need to show even greater initiative, foresight and speed “.
Source From: Capital
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