AXIA Ventures Group issued a “purchase” recommendation with a target price of 1.65 euros for the share of Alpha Bank, as it estimates that after the completion of the capital increase, it will enter a new era of growth.

The bank aims to consolidate its balance sheet in the first half of 2022, with the index of non-performing exposures falling to single-digit levels at the beginning of next year, while with the growth in the country moving at an average of 5% per year, it expects that the return on equity of banks will range at 8.5% in 2023 with a total capital ratio of 17.6%.

It should be noted that the bank’s share will enter the MSCI Global Standard on July 14, while the complicity of the title in the main series of emerging market indices of the house will lead to capital inflows, according to analysts, over 180 million euros from funds that passively monitor its indices.

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