According to the Bank's website, this project provides financing to Alpha Bank Romania SA in an issuance of mortgage covered bonds in order to finance on-lending to residential mortgage borrowers in Romania.
Market Impact: IFC anticipates that the Project will support development of the Romanian mortgage market and capital markets development in issuance of a new covered bond instrument.
Project Impact: Romania's mortgage market is the smallest in relative terms in the EU at less than 10% of GDP, and the Project is expected to directly support end customers through new supply of mortgage loans.
Total bond issuance is expected to amount to EUR200 million of which IFC will take up to EUR50 million.
There is often limited information publicly available about what development banks are funding through financial intermediaries. In 2021, the Early Warning System partnered with Oxfam International to incorporate information on high-risk projects being funded by financial intermediaries receiving funding from the International Finance Corporation (IFC) and the Dutch Development Bank (FMO).
The information listed below describes the relationship between the different private actors linked to high-risk sectors and subprojects of IFC and FMO's financial intermediary investments and/or the financial intermediary's parent companies made from 2017 through 2020, including any associated ring fences.
The database, however, does not explicitly or implicitly imply that IFC or FMO have material exposure to or are contractually or legally accountable to the sub-projects financed by their financial intermediaries or the financial intermediary's parent companies. It only shows a seemingly financial relationship among the different private actors, the financial intermediaries, and IFC or FMO.
The Bank is the eighth largest bank in the country, with total assets of EUR3.3 billion and equity of EUR367 million as of the end of June 2018. Alpha Bank Romania is a universal bank, with a market share of 3.6% by total assets and 7.2% for mortgage loans. It currently employs approximately 2,000 staff and has a national network of 130 branches in Romania.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Alpha Bank||Investor||Finance||invests in||Agios Georgios Wind Farm||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Athens International Airport Additional Facility||Client||Transport|
|Alpha Bank||Investor||Finance||invests in||Capital Maritime & Trading||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Capital Product Partners LP||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Copelouzos||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Eren Groupe SA||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Eressou Ipsoma-Fourka Wind Farm (36MW) and Lefkes-Kerasia Wind Farm (8.4MW)||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Fraport||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Frigoglass Finance BV||Parent Company||Agriculture and Forestry|
|Alpha Bank||Investor||Finance||invests in||GasLog Ltd||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Government of Greece||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Greece||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Greece Airports Sale||Client||Transport|
|Alpha Bank||Investor||Finance||invests in||Greek Regional Airports Privatization Cluster A & B||Client||Transport|
|Alpha Bank||Investor||Finance||invests in||Hellenic Petroleum Finance PLC||Parent Company||Mining|
|Alpha Bank||Investor||Finance||invests in||Hellenic Republic Asset Development Fund||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Krasnodarskaya CHP Plant (585MW) Modernization||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Lukoil||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Motor Oil Finance PLC||Parent Company||Mining|
|Alpha Bank||Investor||Finance||invests in||Mount Vermio Wind Farms||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Mytilineos Holdings SA||Parent Company||Mining|
|Alpha Bank||Investor||Finance||invests in||Mytilineos Power Generation & Supplies||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Public Power Corp Sa||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Public Sector Pension Investment Board||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||Slentel||Parent Company||Transport|
|Alpha Bank||Investor||Finance||invests in||St George Island Wind Farm (73.2MW) Refinancing 2018||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||St George Island Wind Farm (73.2MW) Refinancing 2019||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Terna Energy||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Terna Energy Finance SA||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Terna Energy Sa||Parent Company||Energy|
|Alpha Bank||Investor||Finance||invests in||Total Eren Onshore Wind Farm||Client||Energy|
|Alpha Bank||Investor||Finance||invests in||Total Eren Wind & Solar||Client||Energy|
|Copelouzos||Parent Company||Transport||owns||Athens International Airport Additional Facility||Client||Transport|
|Eren Groupe SA||Parent Company||Energy||owns||Total Eren Onshore Wind Farm||Client||Energy|
|Eren Groupe SA||Parent Company||Energy||owns||Total Eren Wind & Solar||Client||Energy|
|Fraport||Parent Company||Transport||owns||Greek Regional Airports Privatization Cluster A & B||Client||Transport|
|Government of Greece||Parent Company||Transport||owns||Athens International Airport Additional Facility||Client||Transport|
|Greece||Parent Company||Transport||owns||Greece Airports Sale||Client||Transport|
|Hellenic Republic Asset Development Fund||Parent Company||Transport||owns||Athens International Airport Additional Facility||Client||Transport|
|Lukoil||Parent Company||Energy||owns||Krasnodarskaya CHP Plant (585MW) Modernization||Client||Energy|
|Public Sector Pension Investment Board||Parent Company||Transport||owns||Athens International Airport Additional Facility||Client||Transport|
|Slentel||Parent Company||Transport||owns||Greek Regional Airports Privatization Cluster A & B||Client||Transport|
|Terna Energy||Parent Company||Energy||owns||Eressou Ipsoma-Fourka Wind Farm (36MW) and Lefkes-Kerasia Wind Farm (8.4MW)||Client||Energy|
|Terna Energy||Parent Company||Energy||owns||St George Island Wind Farm (73.2MW) Refinancing 2018||Client||Energy|
|Terna Energy||Parent Company||Energy||owns||St George Island Wind Farm (73.2MW) Refinancing 2019||Client||Energy|
|Terna Energy Sa||Parent Company||Energy||owns||Agios Georgios Wind Farm||Client||Energy|
|Terna Energy Sa||Parent Company||Energy||owns||Mount Vermio Wind Farms||Client||Energy|
No contact information available at time of writing.
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/