Alpha Bank started 2026 with a strong performance, recording double-digit core revenue growth (11.5%) in January-March and maintaining resilient profitability, in spite of heightened geopolitical uncertainty.
Net interest income increased by €2.9 million or 0.7% quarter over quarter to €416.3 million, supported by higher loan and bond income, despite fewer calendar days.
Net Interest Income was up 5.3% year over year; excluding the impact from mergers and acquisitions, net interest income was flat quarter over quarter and +2% year over year.
Fee services income rose 2.7% q/q to €139.7 million, driven by higher bancassurance fees offsetting lower real estate income.
Fees went up 29% y/y with strong growth across business credit related fees (+33% y/y), asset management fees (+29% y/y), as well as higher contribution from investment banking and brokerage activity.
