Alpha Bank, the domestic subsidiary of a major Greek financialgroup, will capitalise its entire 2010 profit to strengthen itscapital base, says Sergiu Oprescu, executive president of thebank.
"Profit made in the previous year will be used to strengthencapital, in line with the traditionally pursued strategy. I believein 2011 we will see an increase (of loans) on the segment ofcompanies having export as their core business," Oprescu told ZF.The shortlist of appealing niches includes energy companies, aswell as project co-funding from European funds.
Alpha last year managed to preserve its operating revenues evenas the loan volume slid by 14%, to 3.6bn euros. The steepestdecline was registered in the area of corporate funding, whichslipped from 3.1 to 2.5bn euros.
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