Greek banks recapitalisation

Location:

Greece

Project number:

48030

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Target board date:

11 Nov 2015

Status:

Disbursing

PSD disclosed:

12 Nov 2015

Translated version of this PSD: Greek

Project Description

EBRD is considering an equity investment in the four Greek systemic banks Alpha Bank, Eurobank Ergasias, National Bank of Greece and Piraeus Bank for an aggregate total amount of up to EUR 250 million, while the investment into each bank will not exceed EUR 80 million.

Project Objectives

The project will support the ongoing recapitalisation of the Greek banks and contribute to the efforts to safeguard financial stability and improve the viability of the banking system.

Transition Impact

Transition impact stems from the following:

  • Demonstration of successful restructuring
  • Setting standards for corporate governance and business conduct

Client Information

Alpha Bank, Eurobank

Ergasias, National Bank of Greece and Piraeus Bank

EBRD Finance Summary

Up to EUR 80,000,000.00 each per bank

Total Project Cost

Up to EUR 250,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). All 4 Greek banks are required to comply with EBRD’s Performance Requirements (PRs) 2, 4 and 9 and submit Annual Environmental and Social Reports on the implementation of the PRs to the EBRD.

Technical Cooperation

None

Business opportunities

For business opportunities or procurement, contact the client company.

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Email: procurement@ebrd.com

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