Q1 2026 Alpha Bank SA Earnings Call Transcript

May 20, 2026 / 09:00 AM GMT

Release Date Price: $1.03

Transcript

Key Points

Positve

Alpha Services and Holdings SA (ALBKY) reported a net interest income increase of 1% quarter-on-quarter and 5% year-on-year.
The company's cost-to-income ratio remained within guidance at 39%, indicating strong cost management.
Performing loans grew by double digits year-on-year, showcasing robust lending activity.
The acquisition of Alpha Trust is expected to enhance the company's wealth and asset management platform, contributing to fee-based growth.
The company maintains a positive outlook for 2026, with expectations of 11% growth in normalized earnings.

Negative

Reported profits were affected by one-off items, including a voluntary separation scheme and non-recurring factors, leading to a decrease in quarterly and annual profits.
Income from associates was significantly below expectations due to a goodwill write-down and provisions in Romania.
The cost of the voluntary separation scheme exceeded original guidance, impacting financial results.
The geopolitical uncertainty, particularly the conflict in the Middle East, poses risks to energy prices and inflation.
RWA growth was higher than expected, partly due to market volatility and increased limits for market-making opportunities.

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

ACBr.AT - Alpha Bank SA
Q1 2026 Alpha Bank SA Earnings Call
May 20, 2026 / 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 Jota Jekoros, call operator. Welcome and thank you for joining the AlphaBank conference call to present and discuss the first quarter 2026 financial results. At this time, I would like to turn the conference over to AlphaBank management. Gentlemen, you may now proceed.

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Unidentified_2 [2]
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Hello, everyone, and welcome to the presentation of our first quarter results. I am Iasson Kebapsovi, AlphaBank's Head of Investor Relations. Our CEO, Vasilios Psaltis, will lead the call with a usual summary and a few updates.

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