Continuing its strategy and mission to contribute significantly to supporting the local business environment, Alpha Bank Romania signed in December a partnership with the European Investment Fund (EIF) for the implementation of financial instruments such as portfolio guarantees.
The two guarantee products align with the financial instruments component of the PNRR and target the areas of sustainability and competitiveness, as follows:
– SME Sustainability: focusing on green finance, the new product helps companies to adapt business processes to climate change with a major impact on quality of life, leveraging the use of resources and contributing significantly to the European Union’s major goal of achieving climate neutrality by 2050.
– SME Competitiveness: with an emphasis on fostering companies’ growth potential and value generation, the new tool assist businesses to substantially improve and/or expand their production capacities.
The objectives of this partnership include stimulating local entrepreneurship and the sustainable development of small and medium-sized companies and encouraging investment projects in an increasingly dynamic market context.
“We are pleased to expand our portfolio of solutions for the Romanian business environment through our partnership with the EIF. Through this partnership, we aim to offer our clients all the benefits that arise from the implementation of these guarantee products and we are ready to support their transformational projects generating added value in the Romanian economy. Companies need customized solutions aligned with their operations, and through Alpha Bank Romania’s offerings they can benefit from financial products suitable for boosting their growth potential”, said Dragos Draghici, Director in the SME Division of Alpha Bank Romania.
About Alpha Bank Romania
Alpha Bank Romania is a member of the Alpha Bank Group, one of the largest banking and financial groups in Greece. The international activities of the Group are extended, in addition to Romania, to the United Kingdom, Luxemburg and Cyprus.
Alpha Bank Romania ranks among the top 10 banks in the country, with universal banking operations. The Bank has had a national presence of almost 30 years, offering a wide range of modern services and products for individuals, SMEs and the corporate segment. It is one of the financial institutions that have innovated the banking sector in Romania, being the first bank to launch an application that transforms an Android mobile device into a POS terminal. It was also the first bank in Romania to issue covered bonds in 2019 and the first in the market to introduce housing loans.
