Alpha FX (GB:ALPH) has released an update.
Alpha Group International PLC, a provider of financial solutions, has reported a rise in net treasury income from client funds to £73 million in 2023, up significantly from £9.3 million in 2022. The company’s blended average client balance increased to £2.0 billion in Q1 2024 with an interest rate of 4.0%, reflecting a consistent upward trend from £1.6 billion at a 2.8% interest rate in Q1 2023. Alpha Group attributes this growth to its high-touch approach and technology integration in serving corporates and institutions internationally.
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