Alpha Bank's H1 profit rises on strong interest and fee income (updated)
UPDATE 1-Alpha Bank's H1 profit rises on strong interest and fee income Adds more results
ATHENS, July 31 (Reuters) - - Alpha Bank, Greece's fourth-largest lender by market value, recorded higher net earnings for the first half of the year on Friday, backed by strong fee and interest income.
The bank, in which Italian bank UniCredit has a 29.5% stake, reported normalised net earnings of €495.3 million versus €459.9 million in the first six months of 2025.
Here are some details:
Net interest income at €853 million vs €795 million euros inthe same period of 2025.
Fee services income stood at €326.5 million vs €243.7 million last year.
Impairment losses on loans at €93 million euros vs €91.3 million euros in year prior.
The company's non-performing exposures stood at 3.6% vs 3.5% in the same period last year.
CEO Vassilios Psaltis says strong results are allowing Alpha Bank to upgrade EPS guidance to €0.41 from €0.40.
(Reporting by Lefteris Papadimas; Editing by Christian Schmollinger and Ronojoy Mazumdar)
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