Adjusted after-tax profits of €564.7 million were reported by Alpha Bank for the current fiscal year's nine-month period, according to the financial results announced.

The corresponding amount for the third quarter amounted to €208.1 million, after income tax of €188 million.

After-tax profits for the nine-month period totaled €490.7 million, while for the third quarter they stood at €188.0 million.

The increase in Net Interest Income continued in the third quarter (+8%), as a result of higher interest rates and the strengthening of income from the bond portfolio. The Net Interest Margin reached 2.6%. For the nine-month period,

Net Interest Income strengthened by 45.8% compared to the corresponding period of 2022, as the increase continued in the third quarter (+8%), due to higher interest rates and the boost in income from the bond portfolio. The Net Interest Margin reached 2.6%.

The Core Pre-Provision Operating Profit for the nine-month period increased by +74.2%, driven by the rise in core revenues from banking operations (+34.4% on an annual basis). Similarly, the Core Pre-Provision Operating Profit increased by 18.4% on a quarterly basis, as a result of the strengthening of Net Interest Income and improved performance in fee income.

The Credit Risk Cost was set at 79 million euros in the third quarter, reflecting the restructuring of the NPE portfolio and the positive trend observed in improving Asset quality.