Moody’s upgrades Alpha Bank to Baa1

The planetary standing bureau Moody’s has upgraded the semipermanent deposit standing of Alpha Bank to Baa1 from Baa2.

In its announcement, the standing bureau noted that the upgrade reflects the continued betterment successful the bank’s solvency, a effect of the simplification successful hazard successful its assets and the gradually strengthening profitability.

The prime of Alpha Bank’s indebtedness portfolio is improving, with NPE decreasing to 3.5% successful June 2025, from 4.6% successful the corresponding period of 2024. As Moody’s noted, Alpha Bank is catching up with different Greek banks.

At the aforesaid time, the profitability illustration is improving (normalised net aft tax accrued by 5% year-on-year successful the archetypal fractional of 2025), the slope has a mean outgo basal (the cost-to-income ratio is astir 38%) and Moody’s forecasts a sustainable summation successful profits successful the aboriginal contempt the involvement complaint simplification cycle.

The bank’s non-interest income is besides expected to gradually increase, arsenic a effect of the commercialized practice with UniCredit successful the “asset management” and “bancassurance” activities.