ECONOMY

Fitch renews confidence in Alpha Bank’s profitability potential

Fitch Ratings has affirmed Alpha Bank’s ratings at Issuer Default (IDR) A- (A minus) with a Stable Outlook, Short-term F2, Individual B/C and Support 2. Fitch notes Alpha’s solid position within the Greek banking system, sound profitability, cost efficiency and liquidity as well as respectable capital adequacy. The Stable Outlook reflects Fitch’s view that Alpha should continue to perform well, backed by its enhanced retail franchise and stronger operating revenue generation capacity.