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Ready to finance the energy transition | TheGreekDeal.com
Alpha Bank
Ready to finance the energy transition
Alpha Bank has increased its overall green loan targets for the three-year period 2024–2026 from €3 billion to €4.4 billion, indicating that it is prepared to finance the energy sector and support sustainability.
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Vassilios Psaltis, CEO Alpha Bank

The need for strategic planning for the "green" transition, both at the national and European level, in order to establish clear rules, a stable investment environment, and a support framework that will make modern investments viable for both the investor and the banks, stressed the CEO of Alpha Bank Group, Vassilis Psaltis, speaking yesterday at the "Climate in the Center of Economy" conference organized by the Capital Market Commission.

At the same time, he highlighted Alpha Bank's expertise in financing the energy sector and the increased importance the bank attaches to supporting sustainability, having upgraded its overall green loan targets for the three-year period 2024–2026 from €3 billion to €4.4 billion.

In a discussion with HELLENiQ ENERGY's CEO Andreas Siamisis on the financing environment in the energy sector, Psaltis noted that "the absence of a specific strategic direction at the national and European level increases uncertainty, making it difficult for investors and, of course, those involved in the maturation and financing cycle of such technologies to make choices. If we add to this the fact that we have a series of successive and combined geopolitical uncertainties, then we have the definition of uncertainty!"

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