Alpha Bank Group expects its profitability to grow by more than 20% annually, along with a strong economic growth and increased funding activities, the bank's new strategic plan 2023-2025 said. The plan was presented during Alpha Bank's Investor Day on Wednesday.

Presenting the plan, the bank's CEO Vasilis Psaltis said Alpha Bank will exploit the dynamism of its banking operations in Greece and abroad to raise its revenue by 5% annually and its loans by around 25% by 2025, thus achieving an increase of more than 12% in return on equity during that period. "We expect organic capital creation of more than 2.3 billion euros, paving the way for dividend payments and distributions," he noted.

The plan's targets include: strengthening digital services and focusing on high-value activities in retail banking, reforming the model of services to boost the bank's market share in wealth management, capitalising on the bank's leading position in wholesale banking, improving profitability from international activities, preserving resilience of the bank's balance sheet, fully adopting and exploiting ESC criteria to create value and strengthening the bank's human resources.