PROJECT

Projects

Summary of Investment Information

Project Number

38414

Company Name

ALPHA BANK ROMANIA SA

Date SPI Disclosed

Dec 9, 2016

Country

Romania

Region

Europe

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Nov 4, 2021

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Feb 6, 2017
Signed : May 18, 2017
Invested : Jun 26, 2017

Sector

Commercial Banking - Housing Finance

Project Description

The proposed project consists of an up to EUR50 million senior loan to Alpha Bank Romania S.A. (“ABR” or the “Bank”), in order to support on-lending to residential mortgage borrowers in Romania.

The Bank was established in 1993 and now is the eighth largest bank in the country, with total assets of EUR3.3 billion and equity of EUR319 million as of the end of December 2015. ABR is a universal bank, with a market share of 4% by total assets and 8% for mortgage loans. It currently employs approximately 1,900 staff and has a national network of 130 branches in Romania.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation