MIGA issues €47.5m guarantee to Alpha Bank Albania

The Multilateral Investment Guarantee Agency has issued a guarantee to Alpha Bank A.E. of Greece covering up to €47.5 million of its investment in its Albanian subsidiary, Alpha Bank Albania SHA. 

The guarantee will cover Alpha Bank Albania’s mandatory reserves held with the Central Bank of Albania from the risk of expropriation of funds, and support ABA’s lending operations at a time of significant strain arising from the COVID-19 pandemic. A sizable portion of the lending supported by the MIGA guarantee will be directed at MSMEs.