REG - Alpha Bank A.E. - Press Release <Origin Href="QuoteRef">ACBr.AT</Origin>

Alpha Services and Holdings SAAnnouncement

21/12/2016 16:15

RNS Number : 5266S
Alpha Bank A.E.
21 December 2016
Alpha Bank places SME Securitisation of Euro 320 million 
with EIB, EBRD and an International Investment Bank
Alpha Bank has successfully completed an SME securitisation transaction, achieving medium term funding of Euro 320 million by placing the Senior Notes to European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD) and an International Investment Bank. Citibank acted as the Arranger of the transaction.
The transaction serves Alpha Bank's strategic plan to diversify its funding sources and improve its liquidity. It is a further step in gradually restoring its presence in the market to achieve consistent access to medium-term funding. 
Through this transaction, Alpha Bank uses part of its loan portfolio to Greek Small and Medium-sized Enterprises and Mid-Cap Companies, to provide favorable sources of financing to SMEs. By targeting promising sectors of the entrepreneurial community, Alpha Bank will help deliver one of its priorities of supporting Greek economic recovery.
The European Investment Bank (EIB), the European Fund for Strategic Investments (EFSI), a guarantee set up as part of the Investment Plan for Europe (IPE) of the European Commission and the European Bank for Reconstruction and Development (EBRD), through this transaction, continue to support Alpha Bank in providing financing to the Greek SME market. Around 25% of the financing provided will be targeted to enhance youth employment.
The Managing Director - CEO of Alpha Bank Demetrios P. Mantzounis commented:
"The successful completion of the SME Securitisation is an essential step to reviving Greek entrepreneurship and the economy. We welcome the participation of the European Investment Bank, the European Bank for Reconstruction and Development and an International Investment Bank. Their participation demonstrates the confidence of the market in Alpha Bank and its business portfolio". 
Athens, December 21, 2016

This information is provided by RNS
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