Alpha Bank Cyprus recently organized an event aimed at renewing and strengthening its ties with the business community in the Famagusta district. The event sent a strong message of support for the significant growth potential that local businesses bring to the economy across various sectors. 

Over the past 18 months, Alpha Bank Cyprus has entered a new era, launching its own "Restart" initiative. This strategic transformation lays the groundwork for the full implementation of its new 2025 business plan, focused on increasing profitability and significantly expanding its market share.  

At the heart of this transformation is the Bank’s new Purpose: “To support Progress in life and business for a better Tomorrow.” With a customer-centric approach driving its evolution, the event aimed to demonstrate Alpha Bank Cyprus' commitment to the Famagusta business community, fostering idea exchange and collaboration.  

In his speech, Alpha Bank Cyprus CEO, Miltos Michaelas, highlighted that with the Bank reducing its Non-Performing Loan (NPL) ratio to below 2% in 2024, it is now focused on growth and expansion. This includes offering enhanced customer service and introducing new, attractive, and competitive products and solutions.  

Mr. Michaelas also detailed the numerous benefits of the Bank’s strategic partnership with UniCredit, which opens new opportunities for entrepreneurs in export-driven sectors. “We are here to help our customers realize their business plans,” noted Mr. Michaelas, emphasizing that “with dedication, innovation, and mutual trust, we can turn challenges into opportunities and together write the next chapter of growth for the Famagusta district.