Alpha Bank confirms its role as a key partner of Greek companies for a future of progress, prosperity and sustainability, through its active participation in the national effort to utilize the funds of the Recovery & Resilience Fund (TAA).
The Bank invites companies wishing to borrow under the Recovery & Resilience Fund (TAA) to submit their applications for financing investment projects.
With the successful completion of the first development AMK in the Greek banking system since 2009, Alpha Bank emphasizes that it is able to play a leading role in the new era marked by the National Recovery and Resilience Plan “Greece 2.0”, actively supporting the growth and modernization of Greek companies and the transition of the Greek economy to a new sustainable, digital and extroverted development model.
Next to what progress means: strong support for the Economy throughout 2021
Consistently and firmly committed to the role it seeks to play in the development of the Greek economy, Alpha Bank provided in 2021 new loans of around 5 billion euros from the smallest company to the most emblematic investments.
Examples include the organization of long-term financing on Olympia Odos (Patras – Pyrgos extension), the development of Peloponnese Waste Management Units, the financing of Astir Palace and the investment program of five hotel units acquired by Blackstone in Greece, sustainability and urban development projects the image of cities, such as the Piraeus Tower, the historic building of Minion but also numerous financing of medium and small enterprises that are active in the critical sectors of the economy as well as in emerging sectors of business activity.
At the same time, Alpha Bank assisted its Clients in raising 3 billion euros from the Greek and international capital markets and advised on important agreements, such as the development of the Egnatia Odos and the finding of investors for DEPA Infrastructure.
The General Manager – Wholesale Banking of Alpha Bank Ioannis Emiris stated:
“Alpha Bank has disbursed more than 10 billion euros to the Greek economy in the last two years, remaining on the side of entrepreneurship and supporting any initiative that is synonymous with Progress and Change. Co-financing with the Development and Sustainability Fund is the continuation of ‘thread’ that connects Alpha Bank with the consistent and effective horizontal support of the Greek economy for decades.
Next to every next step and every value business vision, we take the responsibility to help the Greek companies that will choose to take advantage of the opportunities of “Greece 2.0” for their further growth and modernization, acting not only as their lender, but as their essential companion and advisor “.
Public open call for proposals for funding
In order to better prepare companies to receive preferential lending, Alpha Bank implements an organized action plan to better inform potential investors, while, in a specially designed section on its website, it has published the relevant Invitation for TAA financing requests. ,.
The Invitation provides the interested parties with information about the whole framework of the program, as well as instructions for the preparation of the application dossier, while all the terms of the Invitation as well as the terms that will be posted by the Bank on the website www.alpha.gr are mandatory for those involved in the process.
The loan funds will be directed to the financing of Eligible Investments that fall under the following five pillars of the EESA: a) green transition, b) digital transformation, c) innovation – research & development, d) development of economies of scale through partnerships, partnerships and e) extroversion.
The Eligible Investment Plans are financed both from the resources of the Recovery and Sustainability Fund and from Co-Financing Loans from the banking system. The maximum funding from the resources of the Recovery and Sustainability Fund is set at 50% of the Eligible Investment Plan, with the participation of banks being set at at least 30% and investors at at least 20%.
The disbursement of the available funds of the Recovery and Sustainability Fund for the implementation of the eligible investments should be completed by August 26, 2026.
The action is implemented in the framework of the National Recovery and Sustainability Plan “Greece 2.0” with the funding of the European Union – NextGenerationEU.
Source: Capital
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