RCS - Alpha Group Intl PLC - Client Balances & Interest Rates, Quarterly Update

Alpha InternationalAnnouncement

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RNS Number : 3968G  Alpha Group International PLC  28 April 2025

28 April 2025

Alpha Group International plc

 

("Alpha" or the "Group")

 

Client Balances & Interest Rates, Quarterly Update

 

Alpha Group International plc, a high-tech, high-touch provider of financial
solutions to corporates and institutions, today provides an update on the
blended average numbers for its client balances and interest rates, which
contribute to its 'Net Treasury Income - Client Funds'.

 

 Quarter  Blended average client balance, Alternative Banking  Blended average interest rate
 Q1 2025  £2.2bn                                               3.4%
 Q4 2024  £2.3bn                                               3.5%
 Q3 2024  £2.2bn                                               3.8%
 Q2 2024  £2.1bn                                               3.9%
 Q1 2024  £2.0bn                                               4.0%
 Q4 2023  £2.1bn                                               3.8%

 

The Group will continue to publish these figures on a quarterly basis via RNS
Reach and on its website: www.alphagroup.com/investors/financial-information
(http://www.alphagroup.com/investors/financial-information) .

 

Net Treasury Income Explained

Interest is earned on overnight deposits with several credit institutions, all
'A' rated with the leading rating agencies. The amount of interest earned is
dependent on several variables:

 

-      The absolute balance we hold, which can move significantly from
day-to-day

-      The mix of currency balances we hold, and;

-      The interest rate environment and rates that can be obtained from
credit-worthy institutions.

 

Net treasury income is a natural by-product of our accounts solution and is an
uncontrollable income stream for the Group, which would be at least partly
transitory if we return to a low-interest rate environment. We have therefore
chosen to recognise interest income on client cash balances as 'net treasury
income - client funds' (formerly 'other operating income'), not operating
revenue. Net treasury income - client funds was £84m in 2024 (2023: £73.7m).

 

 

Enquiries:

 Alpha Group International plc   Via Alma

 Clive Kahn, CEO

 Tim Powell, CFO

 Alma Strategic Communications   +44 (0) 20 3405 0205

 (Financial Public Relations)

 Josh Royston

 Andy Bryant

 Kinvara Verdon

 Louisa El-Ahwal

 

Notes to editors

 

Alpha is a global provider of high-tech, high-touch financial solutions to
corporate and private market organisations. Working with clients across 50+
countries, we blend intelligent human capabilities with new technologies to
provide an enhanced alternative to traditional banking services, with
solutions covering: FX risk management, global accounts, mass payments, fund
finance, and cash management.

 

Key to our success is our team - over 500 people based across eleven global
offices, brought together by a high-performance culture and a partnership
structure that empowers them to act as owners of our business.

 

Despite being an established business listed on the London Stock Exchange, we
remain relentlessly focused on maintaining the same level of operational
agility and client focus we had when we first started in 2009. This dynamic,
combined with the passion of our people, has enabled us to make a substantial
and enduring difference to our clients, and deliver a growth story to match.

 

 

 

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