Alpha Bank and Eurobank post higher nine-month 2026 profits, Eurobank sets interim dividend

Alpha Bank's nine-month figures

Alpha Bank's adjusted profit after tax reached 779 million euros in the first nine months of 2026, up 14.2% year on year, and its return on tangible book value stood at 14.5% for the period and 15.5% in the third quarter. Net interest income rose 10.7% to 1.3 billion euros over nine months, and the bank said its third-quarter figure of 472.2 million euros was its highest quarterly result in almost nine years. Fee income climbed 32% to 483 million euros, or 25.4% when dividends from PRODEA are excluded. Customer funds totalled 88.1 billion euros, up 19% from a year earlier, with deposits up 13.3% and assets under management up 32%. Performing loans reached 40.4 billion euros, and the bank extended 2.6 billion euros of new credit since the start of the year.

Chief executive Βασίλης Ψάλτης framed the quarter as confirmation of the bank's model:

“The third quarter confirmed the dynamism of our business model, which is further strengthened by our recent acquisitions and the continued resilience of our balance sheet.”

Alpha Bank779

Eurobank1,209

Alpha Bank

779 million euros

Eurobank

1209 million euros

Data from the article text

Eurobank's profit and capital

Eurobank's adjusted net profit reached 1.209 billion euros for the nine months, up 14.3%, while total net profit rose 12.4% to 1.161 billion euros. Net interest income grew 8.7% to 2.068 billion euros, and net fee and commission income rose 13% to 630 million euros. The bank put its return on tangible book value at 16.9% for the period, and said operations outside Greece contributed 45.9% of group profit. Adjusted profit in Cyprus fell 3.9% to 356 million euros, while Bulgaria rose 9.2% to 182 million euros. The non-performing exposures ratio stood at 2.4% on 30 September 2026, with coverage from cumulative provisions at 81.9%.

Net interest income2,068

Net fee and commission income630

Net interest income

2068 million euros

Net fee and commission income

630 million euros

Data from the article text

Lending, Eurolife and the interim dividend

Eurobank's chief executive, Fokion Karavias, told analysts that net lending reached 3.8 billion euros in the nine months, including 1.1 billion euros in the third quarter. On that pace the 4.5 billion euro target for 2026 new loans is now seen as achievable and possibly exceeded, while the group expects slightly slower lending growth in 2027. Group finance director Haris Kokologiannis said the Cyprus target for this year envisages 800 million euros of additional lending. Karavias said no specific significant acquisition is under review, although the group remains open to deals in banking, insurance and asset management in Greece, Cyprus and Bulgaria. The full consolidation of Eurolife, in which Eurobank now holds 100%, is expected in the fourth quarter with an estimated 20 to 22 million euros of fee income, and the group expects 100 million euros in annual fee income from insurance and asset management. A negative goodwill of 40 million euros will be recorded in the same quarter, with a capital impact estimated at 120 basis points.

In a statement, Karavias said:

“We will distribute an interim dividend of 5.99 cents per share on 26 November.”

Dividends and outlook

Alpha Bank set a provision for distribution equal to 55% of its published profits, which amounts to 421 million euros for the nine months and includes a 124 million euros interim payment in early December. Eurobank said the nine-month result confirms its ability to meet or exceed its targets for the full year 2026. The Eurobank interim dividend is scheduled for 26 November, while Alpha Bank's interim payment is due in early December.