The investment aims to promote local entrepreneurship by strengthening the bank's ability to provide long-term financing to small and medium-sized enterprises in local currency.
“Alpha Bank Romania recognizes the major contribution of small and medium-sized enterprises to growth and job creation in the country. The partnership with EFSE is in line with the bank's strategy to support the development of the SME segment through long-term financing products as well as with the diversification strategy of funding sources”, said Periklis Voulgaris, executive vice president of Alpha Bank Romania.
In turn, Christoph Pressens, chairman of the board of EFSE, said:”When entrepreneurs can access finance tailored to their business needs, the whole economy benefits. The success of local businesses helps to secure jobs, generates revenue, stimulates economic growth and opens up new investment opportunities.”