In the first quarter of 2022, the bank posted operating income of EUR5.6 million. The financial report published by Alpha Bank Holdings Greece shows the Romanian branch posted EUR1 million in the first quarter of 2022.
Loan portfolio reached EUR3.02 billion of net exposure at the end of the first quarter of 2023, approximately 13% higher than in the first quarter of 2022, while customers’ deposits stood at EUR2.96 billion, 9.5% higher than in the same time last year, the bank said on Tuesday.
Lending to legal entities increased by nearly 20%. Loans to large companies increased by more than 16% compared with the year-ago period.
New loans to small and medium-sized businesses saw significant growth, 94%, in the first quarter on the same time in 2022, the best performance in a decade.
Alpha Bank Romania revenue was 16% higher in the first quarter of 2023 compared with the year-ago period, EUR43 million, according to the Alpha Bank Holdings report.
(English version by Loredana Fratila-Cristescu)