Alpha Bank posts strong H1 earnings, raises EPS target and announces wholesale banking chief

Alpha Bank first‑half profit EPS target dividend payout wholesale banking appointment

Alpha Bank reported net profit of €497.2 million for the first half of 2026, with adjusted profit after tax of €495.3 million, a 6.5 % year‑on‑year increase. Total operating income rose 9.5 % to €1.214 billion and core operating income grew 14.1 % to €1.203 billion. Net interest income increased 7.3 % to €852.7 million in the half‑year and €436.4 million in Q2, while fee income jumped 34 % to €326.5 million (23.7 % excluding the PRODEA dividend). Return on tangible equity was 14 % for the half‑year and 15.5 % in Q2. The bank raised its earnings‑per‑share target for 2026 to €0.41 (from €0.40) and confirmed an interim dividend of about €124 million for Q4 2026, with a total dividend of €273 million, maintaining a 55 % payout ratio. Credit expansion reached €2.2 billion, bringing the loan portfolio to €39.9 billion, up 14.3 % YoY. In a separate move, Alpha Bank appointed Ioannis Kiouroukoglou as Chief of Wholesale Banking, effective 15 September 2026, and opened applications for its FinQuest 2026 innovation competition, offering a €15 000 prize to European fintech startups.

The results underline the bank’s shift toward a fee‑driven corporate banking model, supported by strong credit growth, higher interest‑rate margins and expanded investment‑banking activities.

Entities: Alpha Bank · Euro · FinQuest 2026 · Ioannis Kiouroukoglou · Vasilis Psaltis

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 2 SOURCES] Adjusted net profit after tax was €495.3 million, up 6.5 % year‑on‑year. (ed938ddc-386d-4680-a189-4f4553380ae6)
[○ 1 SOURCE] Total operating income increased 9.5 % to €1.214 billion; core operating income grew 14.1 % to €1.203 billion. (ed938ddc-386d-4680-a189-4f4553380ae6)
[○ 1 SOURCE] Net interest income increased 7.3 % to €852.7 million in the half‑year and €436.4 million in Q2, up 4.8 % quarter‑on‑quarter. (ed938ddc-386d-4680-a189-4f4553380ae6)
[○ 1 SOURCE] Return on tangible equity was 14 % for the half‑year and 15.5 % in Q2. (ed938ddc-386d-4680-a189-4f4553380ae6)
[● 2 SOURCES] Alpha Bank plans an interim dividend of about €124 million in Q4 2026 and a total dividend of €273 million, keeping a payout ratio of 55 % of earnings. (ed938ddc-386d-4680-a189-4f4553380ae6)
[○ 1 SOURCE] Alpha Bank reported net profit of €497.2 million for the first half of 2026. (Alpha Bank earnings release)
[● 2 SOURCES] Alpha Bank upgraded its EPS target for 2026 to €0.41 from €0.40. (832a8acd-d94c-47ce-becb-c575ae1b9576)
[○ 1 SOURCE] Fee income rose 34 % to €326.5 million, 23.7 % excluding the PRODEA dividend. (ed938ddc-386d-4680-a189-4f4553380ae6)
[○ 1 SOURCE] Credit expansion reached €2.2 billion in the first half, and the loan portfolio grew to €39.9 billion, up 14.3 % year‑on‑year. (ed938ddc-386d-4680-a189-4f4553380ae6)