ALPHA BK EGF RISK-SHARING FOR MIDCAPS&LARGE CORP

Promoter – Financial Intermediary

ALPHA SERVICES AND HOLDINGS SA

Location

• Greece

Description

Risk-sharing instrument deployed under the European Guarantee Fund (EGF) for the support of mid-caps and large corporates in Greece that are active in sectors that are in line with the EIB's long-term mission (innovation, environment and intermediated support for small and medium-sized enterprises (SMEs)) and have been affected by the COVID-19 pandemic.

Additionality and Impact

The proposed operation consists of a guarantee in favour of Alpha Bank covering partially the loan-by-loan losses that may incur in a portfolio of financings to eligible MidCaps and large corporates in Greece. Aiming to enhance uninterrupted access to finance and liquidity for businesses in the post-pandemic era, the operation is fully in line with EU, the Bank's, as well as the Hellenic Republic's strategic objectives to support extroversion and growth of the Greek entrepreneurship. The guarantee will offer benefits to Alpha Bank on the portfolio to be covered and to the final beneficiaries in respect of favourable terms provided.

Objectives

Improve access to finance for companies in Greece and, namely, at beneficial terms, through the provision of capital relief and credit loss protection to Alpha Bank on a portfolio of new eligible transactions.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 150 million

Total cost (Approximate amount)

EUR 490 million

Environmental aspects

Final beneficiaries will be required to comply with the applicable national and EU legislation, as appropriate.

Procurement

Final beneficiaries will be required to comply with the applicable national and EU legislation, as appropriate.

Status

Signed - 23/12/2021