Vassilios Psaltis

At its worst, the Greek banking system was essentially insolvent, with non-performing loans exceeding 40% of total lending. Psaltis orchestrated Alpha Bank's recovery through massive NPL reduction (via securitizations under the Hercules Asset Protection Scheme), recapitalization, and digital transformation. His leadership has been marked by disciplined execution. Alpha Bank's NPL ratio dropped from over 40% to single digits, the bank regained investment-grade credit ratings, and profitability recovered to levels not seen since before the crisis. The acquisition of Cepal (a loan servicing platform) and international selective expansion strengthened Alpha Bank's franchise. The bank also invested significantly in digital banking to modernize its operations and customer experience. Key decisions for the stock include credit growth trajectory in a recovering Greek economy, fee income diversification, cost efficiency improvements through digitization, capital management and dividend policy (as Alpha Bank rebuilds capital buffers), and navigating the competitive dynamics with the other three systemic Greek banks (National Bank, Eurobank, Piraeus).