Alpha Bank reports €779m normalised profit in first nine months of 2026

Alpha Bank’s international operations recorded a normalised net profit of €79 million in the first nine months of 2026, up 13 per cent year-on-year, while the Greek banking group’s Cyprus operations incurred €17. 5 million in provisions linked to a voluntary staff exit scheme. The international division, which includes the bank’s business in Cyprus, generated a reported profit of €57 million , down 16 per cent year-on-year, while net interest income rose by 64 per cent and fee services income increased by 65 per cent over the same period. Net loans across the international operations stood at €2. 9 billion , while customer deposits reached €6. 6 billion , with the division recording a return on tangible book value of 12. 9 per cent during the nine-month period. The group also recorded €0. 7 million in integration costs in Cyprus, contributing to total operating expenses of €231.

7 million for the group in the third quarter. The Cyprus-related provisions and integration costs formed part of a wider period of restructuring and integration, as Alpha Bank continues to pursue its transformation and prepares to present its strategic priorities through to 2030 at an Investor Day scheduled for November 5. At group level, Alpha Bank reported profit after tax of €268. 9 million in the third quarter of 2026, bringing its total reported earnings for the first nine months to €766. 1 million . On a normalised basis, which adjusts for certain exceptional items, quarterly profit after tax reached €283. 2 million , while nine-month earnings amounted to €778. 5 million , representing a 14 per cent annual increase. The group achieved a normalised return on tangible book value of 15. 5 per cent in the third quarter, compared with 14. 5 per cent over the first nine months, while earnings per share…