In an interview following his recognition as the top CEO by 462 analysts, investors, and portfolio managers from Europe, the Middle East, and Africa in an Extel survey, Alpha Bank’s CEO Vassilis Psaltis discussed the bank’s resilience to economic and geopolitical challenges.
Psaltis explained the external pressures faced by the European and Greek banking sectors, asserting that Alpha Bank remains vigilant in a constantly evolving environment.
He noted, “The normalization of interest rates throughout Europe is squeezing net interest margins. We have actively restructured our balance sheet to mitigate these negative impacts by hedging our risks.”
In light of growing geopolitical tensions, Psaltis highlighted that the bank’s business model has been designed to ensure resilience.
“Our model incorporates capital buffers and prudent risk management, positioning us well to navigate adverse conditions. Despite the uncertainty, we are experiencing increased demand from clients for advisory services and risk-hedging solutions, tapping into our corporate banking strengths,” he said.
When asked about Alpha Bank’s approach to innovation, Psaltis emphasized its importance within the bank’s strategic plan. “A key focus is enhancing our portfolio and evolving our business model to better meet customer needs,” he added.
