Original disclosure @ EBRD website
Updated in EWS Feb 14, 2023
Disclosed by Bank Feb 7, 2023
Can you contribute information about this project?
Contact the EWS Team
According to the bank website, EBRD invested EUR 50 million in a EUR 400 million Senior Preferred ("SP") bond issued by Alpha Bank S.A. ("Alpha"), a commercial bank incorporated in Greece, in October 2022. The SP bonds have a maturity of 3 years, with an embedded issuer call option after 2 years, and are listed on the Luxembourg Stock Exchange.
The Project is intended to boost the resilience of a systemic bank in Greece in the context of MREL requirements phasing in at EU level and supports the bank in re-establishing its regular access to capital markets with unsecured instruments. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency.
40 Stadiou Str., Athens, 102-52, Greece
ACCESS TO INFORMATION
You can request information by emailing: email@example.com or by using this electronic form: https://www.ebrd.com/eform/information-request
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 at: 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