August 23 (SeeNews) - The European Bank for Reconstruction (EBRD) said on Tuesday it is considering a loan of 195 million lei ($39.9 million/ 39.6 million euro) to Alpha Bank Romania for on-lending to local companies which have been directly or indirectly impacted by economic spill-over effects of the war in Ukraine.
The five-year senior unsecured loan would be granted under the bank's Resilience and Livelihoods Framework, the EBRD said in a project summary document.
The approval date for the loan was set for September 21, according to the document.
Alpha Bank Romania is a commercial bank incorporated in Romania providing universal banking services. As of end-2021, the bank had has a 2.9% market share in terms of total assets, being the eighth largest bank in Romania. It is 99.92% owned by Greece's Alpha Bank.
Moody's Investors Service rates Alpha Bank Romania as Ba1, with a stable outlook, as of August 2022.
(1 euro=4.8851 lei)
Alpha Bank Romania SA is among the biggest banks in SEE. You can download our SEE Top 100 ranking
here or subscribe to our free Top 100 newsletter
here