GREECE
Markets:
- In a research report on Alpha Bank, Scope noted that the Bank is targeting stronger earnings capacity, although its thinner capital buffer limits rating upside. More specifically, commenting on the Bank’s recent strategy report, the agency noted that Alpha aims to increase profitability and diversify its business, making earnings more resilient across the interest rate cycle. Alpha’s strategy shares similarities with those of its Greek peers, with sustained loan growth and expansion in capital-light, fee-generating activities in wealth management, transaction banking and insurance expected to drive earnings growth.
Among other points, Scope highlighted that Alpha’s deposit franchise remains a relative disadvantage compared to its Greek peers. However, it noted that management expects the Bank’s net loan-to-deposit ratio to rise from around 80% to above 85% by 2030, the highest level among its peers, as deposits grow by approximately 3.5% annually, at a slower pace than loans. Furthermore, the agency noted that, as part of its plans to improve capital quality while fully utilising its capital, management intends to use all capital above its 13% CET1 target by 2030. Of the EUR 7.3bn in accumulated capital capacity projected for 2027-2030, EUR 1.2bn would fund RWA growth and EUR 700mn would be allocated to investments. A further EUR 1bn would be absorbed by DTC amortisation, while around EUR 4bn is earmarked for cash dividends and additional distributions.
Source: Scope Ratings
- Metlen announced that it has signed a new contract with Naval Group, covering the manufacture and supply of additional high-technology torpedo doors as part of the French group’s programme for its customers worldwide. The new contract expands the ongoing industrial partnership and strengthens the role of Greek manufacturing in the global naval defence supply chain. It also builds on the MoU signed by the two companies on March 19, 2026, at M Technologies’ facilities in Volos.
Source: Metlen
- GEK TERNA announced that it has acquired a majority stake in GA Aviation Services, one of the largest Greek companies providing aircraft maintenance, repair and overhaul (MRO) services and technical support, with a significant international presence. According to the company, the aim is to establish a Greek MRO hub meeting international standards, offering maintenance, upgrades and technical support throughout the lifecycle of helicopters and aircraft. The acquisition further strengthens GEK TERNA’s presence in the defence and strategic technologies sectors, building on its partnerships with leading industry players such as Airbus, Rheinmetall Land Systems and Shield AI. Through this investment, the Group aims to create an integrated platform for the provision of high-standard technical support for aircraft and helicopters.
Source: Capital.gr
- HELLENiQ ENERGY announced an ambitious investment programme of up to EUR 1.3bn by 2030, aimed at further strengthening its presence in the Romanian energy market, which is becoming one of the key pillars of the Group’s international growth strategy. The official presentation of HELLENiQ ENERGY Renewables Romania, held in Bucharest in the presence of Romanian government representatives, business partners and Group executives, marks the company’s entry into a new phase of growth in Southeastern Europe. CEO Andreas Siamisis linked the Group’s expansion into Romania to its broader transformation from a traditional oil company into an integrated energy group with a strong presence in both hydrocarbons and electricity. He also noted that HELLENiQ ENERGY, which began its operations in Greece around seven decades ago through refining activities, has evolved into one of the region’s largest energy groups, with a presence in approximately 12 countries and a strong export orientation, as more than 50% of its petroleum product output is directed towards international markets.
Source: Capital.gr
