According to EBRD website, the project aims to boost the resilience of a systemic bank in Greece in the context of on-going restructuring and MREL requirements phasing in at EU level and supports the bank in implementing its recently announced strategic transformation plan and re-establishing its regular access to capital markets with unsecured instruments.
Alpha Bank is the second largest lender in Greece with a loan market share of 24% as of end-September 2019. It is listed on the Athens Stock Exchange with current market capitalisation of EUR 2.8 billion. The Hellenic Financial Stability Fund is the largest shareholder with an 11% stake, with the remaining 89% held by more than 110,000 investors. Alpha Bank is rated B (Positive) by S&P, Caa1 (Positive) by Moody's and CCC+ by Fitch.
40 Stadiou Str., Athens, 102-52, Greece
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at firstname.lastname@example.org or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.