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Alpha Bank to offer 4.0 bln euros in new loans in 2017-2019

Alpha Bank to offer 4.0 bln euros in new loans in 2017-2019

Alpha Bank will support enterprises with new funds worth 4.0 billion euros in the period 2017-2019, Dimitrios Mantzounis, the bank’s CEO said addressing a general shareholders’ meeting last week.

He said that focus will be given to viable investment plans in the sectors of tourism, energy, infrastructure, etc. Mantzounis said achieving a goal to reduce NPLs will liberalize healthy business forces and investments and create new job positions in the country.

Alpha Bank has set up, in partnership with Centerbridge Partners, Cepal Hellas, the first NPLs management company in the country and was promoting debt restructuring solutions, particularly in mortgage loans.

Mantzounis said new loans in delay fell by 225 million euros in the fourth quarter of 2016.

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