Alpha Bank has completed the securitization of a loan portfolio worth €1.9 billion with Christofferson, Robb & Company (CRC) as lead investor, along with AnaCap Financial Partners and the European Bank for Reconstruction and Development (EBRD).

The “Project Aurora” portfolio concerns performing corporate loans and will relieve the lender’s financial report of provisions of €1.2 billion, Alpha said.

The transaction forms part of Alpha’s announced business plan “Project Tomorrow,” and is expected to contribute some 47 basis points to its Total Capital ratio 1 as of September 30, 2021.

Original Story: Ekathimerini |Newsroom 
Photo: Alpha Bank website
Edition: Prime Yield