Alpha Bank was included in the “Financial Times Stock Exchange4Good (FTSE4Good) Index Series” Sustainability Index for the sixth consecutive year, following an evaluation by the international organization FTSE Russell. The Bank’s participation in the Index for another year confirms its high levels of social and environmental responsibility and rewards its coordinated actions to upgrade its […]
Tag: Alpha Bank
HSBC: New target prices for Greek banks after strong second quarter
HSBC revised upwards its estimates for the profits and target prices of Greek banks, after the stronger than expected second quarter they announced. In particular, it says that Greek banks surprised with strong loan growth, a faster readjustment of securities on their books and strong fee income in the second quarter, adding that the positive […]
Bank profits in 2022 that investors expect
By Leonidas Stergiou By watching the presentations of the first semester results of the four systemic banks and then reading the analyzes of the analysts who took part in the teleconferences and the questions they asked, four main findings emerge: Firstlyoverall profitability this year will likely be higher than the targets communicated by the banks […]
Up to 50,000 properties under the Cepal-Resolut deal
By Leonidas Stergiou Six months after the deal with Davidson Kempner, the management company Cepal closes a strategic agreement with another international real estate leader, Resolute Asset Management, with the aim of creating a joint venture under the RKG brand. The primary objective of the agreement is the promotion of RKG to the largest and […]
DBRS: Great progress of Greek banks, chances of slowing positive momentum
The improved H1 results of the four systemic banks (Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank) reflect the significant progress made in recent years in de-risking and restructuring, along with the recovery of the Greek economy since the coronavirus pandemic, as noted by the Canadian company DBRS Morningstar. However, he notes, the […]
DBRS: Possible pressure on Greek banks due to economic slowdown
By Leonidas Stergiou The improved results of the four Greek systemic banks in the first half of the year reflect the significant progress made in reducing their risk and restructuring in recent years, together with the recovery of the Greek economy from the pandemic. However, the positive momentum is likely to come under pressure due […]
Alpha Bank: Emphasis on supporting tourism businesses
Alpha Bank places an emphasis on supporting and upgrading the tourist product, through financing and providing integrated consulting services to tourist businesses. In this context, Alpha Bank, in the last 4 years, as has been announced, has channeled resources amounting to 2.2 billion euros to the Greek tourism sector, while, as the Bank’s Commercial Banking […]
Alpha Bank: 20% increase in youth recruitment by 2025
By Leonidas Stergiou Alpha Bank recently communicated the quantitative and qualitative objectives, as well as the course of the Alpha Blueprint transformation program and the Tomorrow strategic planning to foreign analysts, on the occasion of the Group’s corporate governance briefing. Alpha Bank has given specific goals for the implementation of the ESG (Environment, Social, Government) […]
Banks: What the presentations to analysts ‘reveal’ for the second half of the year
Of Leonida Stergiou A jump in organic profitability, lower non-recurring income and expenses and a single-digit percentage of bad loans were the main features of the results of the second quarter and first half of the four systemic banks. Organic profitability was strengthened mainly due to interest income and commissions from an increase in business […]
Banks: Towards the end of the long-term effort to consolidate their balance sheets
The end of the long-running bank consolidation effort is now in sight, according to the main international financial and investment houses. Greek banks are turning the page, moving beyond the stage of clearing their balance sheets of their non-performing exposures (NPEs) and turning to supporting economic growth and credit expansion. The main factors boosting the […]