Provision of a five-year senior unsecured loan of RON 195 million to Alpha Bank Romania SA under the Resilience and Livelihoods Framework for on-lending to eligible companies in Romania which have been directly or indirectly impacted by economic spill-over effects of the war on Ukraine.
The Project will enhance the lending capacity of Alpha Bank Romania SA and will be channelled for on-lending to businesses in Romania that have been directly or indirectly affected by economic consequences of the war on Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country.
ETI score: 65
ETI score: 65
The transition impact of the project stems from the following qualities:
Resilient - the project will support a systemic bank's resilience to market shocks and diversify its funding structure.
Inclusive - the proceeds of the EBRD loan will support Romanian businesses to remain operational and help them mitigate the economic consequences of negative shocks triggered by the war on Ukraine.
ALPHA BANK ROMANIA SA
Alpha Bank Romania SA is a commercial bank incorporated in Romania providing universal banking services. As of December 2021, Alpha Bank Romania SA has a 2.9% market share in terms of total assets (8th largest bank in Romania). It is 99.92% owned by Alpha Bank Services and Holdings SA, Greece.
Moody's Investors Service rates Alpha Bank Romania SA as Ba1 (stable) as of August 2022.
EBRD Finance Summary
Total Project Cost
Financing structure: EBRD financing provides i) long-term funding in local currency in a market with reduced RON liquidity and ii) funding diversification in an environment of high market volatility.
Environmental and Social Summary
Categorised FI (ESP 2019): Alpha Bank Romania is an existing client of EBRD and will be required in relation to this project to continue to comply with PRs 2, 4 & 9, adhere to the EBRD's E&S requirements and submit AESRs to the Bank. The proposed transaction will require Alpha Bank Romania to apply the E&S Exclusion List, which was amended for the 2019 policy and apply the Referral List as per PR9.
Technical Cooperation and Grant Financing
Company Contact Information
Calea Dorobantilor 237 B, sector 1, Bucharest, Romania
PSD last updated
23 Aug 2022
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