In 2024, Alpha Bank reported strong results, exceeding the goals set in its Strategic Plan. The adjusted net profit after tax increased by 9% compared to 2023, reaching €861 million, despite the impact of lower interest rates. This resilience was driven by a stable performance in Net Interest Income, which saw a slight decline of 0.7% year-on-year, robust growth in Net Fees and Commissions, up 12% annually, and a consistent focus on cost reduction, with the Cost-to-Income Ratio remaining unchanged at 38.6%.

The capital adequacy of the Alpha Bank Group significantly strengthened in 2024, as the CET1 Ratio increased by two percentage points compared to 2023, reaching 16.3%. In Greece, net credit expansion hit a milestone, reaching €2 billion in the fourth quarter, with new disbursements achieving a record high of €4 billion. The Group's Performing Loans portfolio, excluding senior secured bonds, increased by 12% year-on-year, amounting to €33.3 billion. The net credit expansion for 2024 reached €3.2 billion, primarily driven by corporate lending, surpassing the revised target of €2 billion for new disbursements, as new loans rose by 31% year-on-year.

The Management of Alpha Bank will propose a dividend distribution totaling €281 million, which corresponds to 43% of the reported profits for 2024. Additionally, the Non-Performing Exposures (NPE) Ratio experienced a decline, settling at 3.8%, down from 6% in 2023, achieving its target two years ahead of schedule. Correspondingly, the Cost of Risk stood at 63 basis points, reflecting better-than-expected results and indicating improved quality in the NPE portfolio.