Alpha Bank’s business plan for the three-year period 2023-2025 provides for a credit expansion of more than 25% with the aim of strengthening the loan portfolio to almost 23 billion euros from the 17 billion euros currently generated by the bank’s current loan portfolio.

According to the information, entrepreneurship financing, as well as a new model of retail banking, expansion of activities abroad with the Romanian market are the main pillars of the updated strategic plan of Alpha Bank, which will be announced at the Bank’s Investor Day in June. 7. The plan will aim to reduce the percentage of NPLs at the European level, increase interest income from both the loan and investment portfolio, as well as increase fee and commission income through asset management services and the sale of bancassurance products.

At the event, which will bring together major international investors and rating agencies, Alfa-Bank’s management is expected to announce a three-year plan with updated goals and new strategic priorities that it is setting to capitalize on its leadership. in commercial lending (wholesale banking), which will be the vanguard to strengthen its balance sheet, further protect its capital position and profitability with the goal of a double-digit return on equity and distribute dividends to shareholders at a rate of 20% to 30%. In addition to CEO Vassilis Psaltis and CFO Lazaros Papagarifalos, targets for the 2023-2025 triennium will also be presented by the group’s general managers.

Alpha Bank’s goal is to capitalize on the positive momentum created to strengthen its leading position in business banking, both through new net disbursements that will be added to the high net lending expansion of recent years (over 6 billion euros in 2019-2022) by large , small and medium-sized enterprises for the next three years, as well as by providing new comprehensive tools to raise capital. revenues and a significant strengthening of commission income.

It aims for a double-digit return on equity and a shareholder dividend distribution of 20% to 30%.

In the case of large business banking, the bank will take advantage of a base of more than 5,000 business groups with which Alfa-Bank maintains long-term cooperation relationships through financing, as well as providing advisory support, using experience and knowledge. -as its leaders. The bank has become a leading player in complex finance, with leading Greek and international projects, and its operations have increased by 150% over the past three years.

The bank is a leader in financing the country’s “heavy industry”, tourism with the participation of the Recovery and Resilience Fund (RAF), as, according to management sources, it has concluded the largest number of financing agreements, having achieved success as a bank that provides TAA resources not only to large groups, but also to SMEs in mainland and island Greece, actively supporting extroversion and the transition to a smart and green economy.

In addition, the bank has set itself the task of assessing incoming funding requests as quickly as possible and has approved 17 loans for large, small and medium-sized enterprises totaling 250 million euros. At the same time, in addition to TAA, Alfa-Bank has consistently supported the development and investment prospects of tourism, and it is significant that during 2022 the total amount of financing to support new investments in tourism exceeded 800 million euros, and the total portfolio is 2.5 billion euros .

green growth

At the same time, Alfa-Bank is expected to pay special attention to sustainable financing related to environmental, social and governance issues (ESG), and also intends to start significant investments in the digitization of operations to increase productivity, but also to strengthen human resources of the wholesale banking sector through training and new employees, making its relationship with customers easier and more efficient.