Alpha Bank's quarterly earnings slip on weaker trading income, higher staff costs (updated)

Alpha Bank SA

20/05/2026 06:39

Adds details

ATHENS, May 20 (Reuters) - Alpha Bank ACBr.AT, Greece's fourth-largest lender by market value, reported lower first-quarter adjusted net earnings on Wednesday, as weaker income from financial operations and higher staff costs weighed on performance.

Higher net interest income lifted quarterly earnings, while stronger bancassurance fees helped offset lower real estate income, the lender said.

Here are some details:

Adjusted net profit at 221 million euros vs 234.4 million euros in the first quarter of 2025.

Net interest income at 416.3 million euros vs 395.3 million euros in the same period of 2025.

Fee services income stood at 139.7 vs 108.4 last year.

Impairment losses on loans at 48 million euros vs 51.6 million euros.

The company's non-performing exposures stood at 1.5 vs 1.46.

CEO Vassilios Psaltis projects an 11% growth in normalised earnings this year.

($1 = 0.8622 euros)

 (Reporting by Lefteris Papadimas; Editing by Jacqueline Wong and Sherry Jacob-Phillips)