Q1 2025 Alpha Services and Holdings SA Earnings Call Transcript

May 9, 2025 / 09:00 AM GMT

Release Date Price: $0.65 (+8.33%)

Transcript

Key Points

Positve

Alpha Services and Holdings SA (ALBKF) reported a strong first quarter profit of 239 million, translating to a 15.4% normalized return on tangible equity.
The company maintained a solid capital buffer with a core equity tier one ratio of 16.3%, despite the impact of Basel 4 and increased dividend accruals.
The acquisition of Aia Ventures and the strategic partnership with UniCredit are expected to significantly boost investment banking revenues and international presence.
Alpha Services and Holdings SA (ALBKF) has a defensive net interest income profile, with expectations of maintaining guidance despite falling rates.
The company is on track to meet its annual net credit expansion target, with strong disbursements in various sectors such as trade, manufacturing, and tourism.

Negative

The Greek economy faces potential indirect effects from global trade tensions and protectionism, which could impact exports and economic growth.
There is uncertainty regarding the impact of lower interest rates on profitability, with potential negative consequences for loan growth.
Operating income was slightly down due to lower net interest income and seasonally lower fees.
The company expects an uptick in staff costs and general administrative expenses as it continues to invest in its workforce and digital capabilities.
There is a need to revisit macroeconomic parameters and risk models due to potential changes in unemployment and GDP, which could affect asset quality.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ACBr.AT - Alpha Services and Holdings SA
Q1 2025 Alpha Services and Holdings SA Earnings Call
May 09, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I am Joao's call operator. Welcome and thank you for joining the Alpha Services and Holdings conference call to present and discuss the first quarter, 2025 financial results. All participants will be in a listen-only mode and the conference is being. Recorded the presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing and 0 on the telephone. At this time, I would like to turn the conference over to Alpha Services and Holdings management. Gentlemen, you may now proceed.

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