The EBRD has signed loans worth a total of €200 million for Alpha Bank (ABG) subsidiaries in Romania and Serbia, as part of a package approved in July 2010. The aim is to provide medium and long-term debt financing through ABG’s subsidiaries for on-lending to private businesses operating in the three countries.
The EBRD investments are part of the Joint International Financial Institutions Action Plan set up by the EBRD, the World Bank Group and the European Investment Bank (EIB) to provide over €24 billion in support of the banking sectors in the region and to fund lending to businesses hit by the global crisis.
The credit lines will contribute to the transition process by maintaining an essential flow of lending to enterprises at a time when the availability of credit, particularly to SMEs and corporates has been constrained.
Alpha Bank group subsidiaries in two countries of EBRD’s region.
Alpha Bank group is an international banking group with a strong and long-standing commitment to the region with a presence in many countries in Central and South-Eastern Europe, with a total of 6,001 employees servicing its clients through more than 564 branches in this region as oh end-June 2010.
The ABG subsidiaries will be required to comply with EBRD’s Environmental Performance Requirement (“PR”) 9 when making local loans, conduct their business in accordance with PR 2, adhere to the EBRD's Environmental and Social Exclusion and Referral Lists, and submit Annual Environmental and Social Reports to the Bank. The subsidiary borrowers will be required to comply with applicable national environmental, health and safety and labour requirements.
Mr. Georgios Papanastasiou - President of the Executive Board
Alpha Bank Srbija A.D.
11, Kralija Milana
Phone: 00 381 11 33 02 782
Fax: 00 381 11 32 43 516
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