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Alpha Bank has been a consistent point of reference in the Greek banking system for almost 140 years.
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Alpha Bank: Bank of the Year in Greece by The Banker

An important international distinction recognising Alpha Bank’s leading role in the Greek banking system.
WATCH THE CEO’S STATEMENTS
ceo

At the top for the 4th time

Alpha Bank was named “Bank of the Year 2024 Greece” at the prestigious awards organised annually by The Banker magazine.

The editorial team of The Banker assessed various criteria, such as profitability, strategic advantages and foreign market services. Alpha Bank stood out mostly for having:

The award was received by Alpha Bank Group CEO Vassilios Psaltis, at an event held in London. Alpha Bank now holds the most awards in this category among Greek banks.

“This award highlights our commitment to implement our strategic plan.”

Vassilios Psaltis, Alpha Bank Group CEO

Achievements leading to the award

Through strategic partnerships and steady steps towards healthy growth.

Strategic partnership with UniCredit

The award committee recognised the importance of our strategic partnership with UniCredit, which enhances the opportunities to grow and create value.

The acquisition of the Hellenic Financial Stability Fund (HFSF) stake in Alpha Βank by UniCredit was the 1st investment completed by a large European bank in the Greek banking system in the last 17 years.

Through this partnership, Alpha Bank is now in a solid position to offer new products in the category of mutual funds and global investment solutions to domestic clients.

The 2 banking groups are also exploring new areas of cooperation, such as debt and equity capital markets, treasury and trade finance.

Healthy growth and profitability

The team of The Banker highlighted the fact that Alpha Bank can now focus on growth, profitability and value creation for its shareholders, as it has:

  • Achieved sustainable profitability, with €780 million in net profits for 2023 (almost 100% increase compared to 2022).
  • Dealt with the legacy of non-performing loans, radically reducing them to 6% from 45% in 2019.