Alpha Services and Holdings to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 9 November 2023
Company invites individual and institutional investors, as well as advisors, to attend interactive, real-time virtual event
ATHENS, Greece, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Alpha Services and Holdings (Share ticker: ATHEX: ALPHA, ADR ticker: ALBKY.PK), based in Greece, today announced that Iason Kepaptsoglou, Head of Investor Relations, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on November 9. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.
DATE: |
| November 9, 2023 |
This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.
It is recommended that investors pre-register and run the online system check to expedite participation and receive event updates.
Participation is free of charge.
About Alpha Services and Holdings
Alpha Services and Holdings S.A. (under the distinctive title Alpha Services and Holdings) is a financial holdings company, listed on the Athens Stock Exchange, and the parent company of the banking institution “ALPHA BANK S.A.”.
Subsequent to the corporate transformation that took place in April 2021, the banking operations were hived-down to a new wholly owned banking subsidiary (Alpha Bank S.A.).
Alpha Bank S.A. is 100% subsidiary of Alpha Services and Holdings S.A. and one of the leading Groups of the financial sector in Greece which was founded in 1879 by J.F. Costopoulos. The Bank offers a wide range of high-quality financial products and services, including retail banking, SMEs and corporate banking, asset management and private banking, the distribution of insurance products, investment banking, brokerage and real estate management.
https://www.alphaholdings.gr/en/investor-relations
Recent Company Highlights
Q3 Normalised ROTE at 13.9%
Alpha Bank has entered into a landmark agreement with UniCredit S.p.A. merging the Romanian subsidiaries, thus forming the top 3 player, whilst also entering into a long term commercial partnership across different areas, with UniCredit acquiring a stake in the Bank.
Strong Liquidity profile with net Loan-to-Deposit ratio of 74%. Group’s LCR at 191%, far exceeding regulatory thresholds and management targets.
Fully Loaded CET 1 ratio of 13.9%. Fully Loaded Total Capital Ratio at 18.2% as of September 2023, when including RWA relief from transactions.
Further upgrade of the 2023 profitability guidance to over 11.5%, (from >11% as of August)
Disclaimer
The press release has been prepared and issued by Alpha Services and Holdings and is provided solely for informational purposes. By reading this press release, you agree to be bound by the following limitations:
No representation or warranty, express or implied, is or will be made in relation to, and no responsibility is or will be accepted by Alpha Services and Holdings (or any member of Alpha Bank’s Group) as to the accuracy, fairness or completeness, reliability or sufficiency of the information contained in this press release and nothing in this press release shall be deemed to constitute such a representation or warranty. The information contained in this press release may contain and/or be based on information that has been derived from publicly available sources that have not been independently verified. Alpha Services and Holdings is not under any obligation to update, revise or supplement this press release or any additional information or to remedy any inaccuracies in or omissions from this press release.
This press release does not constitute an offer, invitation or recommendation to subscribe for or otherwise acquire securities. Also, it is not intended to be relied upon as advice to investors or potential investors and does not take into account the objectives, financial situation or needs of any particular investor. You are solely responsible for forming own opinion and conclusion.
Certain statements in this press release may be deemed to be “forward-looking”. You should not place undue reliance on such forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect current expectations and assumptions as to future events and circumstances that may not prove accurate. Forward-looking statements are not guarantees of future performance, and the actual results, performance, achievements or industry results of Alpha Services and Holdings and/or Alpha Bank’s operations, results of operations, financial position and the development of the markets and the banking industry in which it operates or is likely to operate may differ materially from those described in, or suggested by, the forward-looking statements contained in this press release. In addition, even if the operations, results of operations, financial position and the development of the markets and the banking industry in which Alpha Bank operates is consistent with the forward-looking statements contained in this document, those results or developments may not be indicative of results or developments in subsequent periods. A number of factors could cause results and developments to differ materially from those expressed or implied by the forward-looking statements including, without limitation, general economic and business conditions, competition, changes in banking regulation and currency fluctuations.
CONTACT: Alpha Bank Iason Kepaptsoglou Head of IR Alpha Bank Iason.Kepaptsoglou@alpha.gr Virtual Investor Conferences John M. Viglotti SVP Corporate Services, Investor Access OTC Markets Group (212) 220-2221 johnv@otcmarkets.com
