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Alpha Bank to present at the dbVIC - Deutsche Bank ADR Virtual Investor Conference on 19 March 2020

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ATHENS, Greece, March 16, 2020 /PRNewswire/ -- Alpha Bank (TICKER:ACBR, OTC:ALBKY) based in Greece, today announced that Dimitrios Kostopoulos, Head of Investor Relations, will present at the dbVIC - Deutsche Bank American Depositary Receipt (ADR) Virtual Investor Conference on March 19. This virtual investor conference is aimed exclusively at introducing global companies with ADR programs to investors.

DATE: March 19th, 2020

TIME: 10:00AM ET / 14:00 GMT

LINK: https://tinyurl.com/March2020dbVIC

This will be a live, interactive online event where investors are invited to ask the company questions in real-time - both in the presentation hall as well as the organization's "virtual trade booth." 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 Bank

The Alpha Bank Group is one of the leading Groups of the financial sector in Greece. The Group 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.The Parent Company and main Bank of the Group is Alpha Bank, which was founded in 1879 by J.F. Costopoulos. Alpha Bank constitutes a consistent point of reference in the Greek banking system with one of the highest capital adequacy ratios in Europe. https://www.alpha.gr/  

Recent Company Highlights

In November 2019, Alpha Bank presented its comprehensive strategy update for the years 2020- 2022, targeting a ROE of c.9% by 2022. The key components of the strategy are:

  • Up-front de-risking of the balance sheet, the principle factor affecting profitability in the last few years
  • Increased focus on the residual "core" NPE portfolio through a strategic outsourcing servicing SLA
  • Optimization of the cost base
  • Increase in new business volumes and asset management/ bancassurance income by focusing on key segments

Disclaimer

The press release has been prepared and issued by Alpha Bank 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 Bank (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 Bank 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 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.

 

Cision View original content:http://www.prnewswire.com/news-releases/alpha-bank-to-present-at-the-dbvic---deutsche-bank-adr-virtual-investor-conference-on-19-march-2020-301024603.html

SOURCE dbVIC - Deutsche Bank Depositary Receipts Virtual Investor Conference

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