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Project Galaxy 2 2021 • Issue 73 THE WORLD OF ALPHA BANK Project Galaxy Alpha Bank enters into a landmark agreement with Davidson Kempner over Euro 10.8 billion CONTENTS IN FOCUS p. 3 ΤΕ ΑΚ Successful completion of the annual Evaluation of the Equipment and Consumables arehouse Department in accordance with the international ISO 001 2015 Standard p. 10 Alpha Bank Parents Academy Empowerment and information program for parents StayConnected p. 11 Don Giovanni from the Greek National Opera p. 12 Serial Publication for the Αlpha Bank INNOATORS p. 13 Group Personnel 2 2021 • Issue 73 CULTURE Participation of the Alpha Bank Numismatic Collection in the anniversary volume Salamis 480 B.C. p. 16 Publications offer by Alpha Bank p. 17 The .F. Costopoulos Foundation p. 18 PRODUCTS AND SERICES Legal Entities start their cooperation with Alpha Bank online, Editor: CORPORATE COMMUNICATIONS DIVISION without visiting the Branch p. 19 Corporate Identity and Group Serial Publicatios Transactions with voice guidance for the visually impaired Editing: Eleftheria Athanasopoulou by Alpha Banks ATM network p. 21 40, Stadiou Str. Responsible Investing Together in Sustainability p. 22 102 52 ATHENS, GREECE Τel. 30 210 326 2435 Online seminars for companies - members of the Alpha Bank Gold Business Banking service p. 23 E-mail communication1alpha.gr A unique offer from Alpha Bank in collaboration with Shell p. 24 Design - Production GOD A.E. < Contents > CONTENTS CORPORATE SOCIAL RESPONSIBILIT Alpha Bank included in the Bloomberg Gender-Equality Index for the third consecutive year p. 25 CULTURE SPECIAL ART NETOR Michalis Arfaras p. 26 STORIES RECOUNTED B COINS Serial Publication p. for the Αlpha Bank Dione. Another legitimate wife of eus 29 Group Personnel GREECE OUTSIDE GREECE p. 30 2 2021 • Issue 73 Greek Antiquities in Italy (Part B) FRAGMENTS FROM THE BANS HISTOR The European Revolutions of 1848 and Ionian Bank p. 37 THE ALPHA BAN LIBRAR Stratis Tsirkas p. 39 GROUP COMPANIES Alpha Bank Cyprus Ltd p. 41 p. 42 Editor: CORPORATE COMMUNICATIONS DIVISION Alpha Bank Albania SHA Corporate Identity and Group Serial Publicatios Editing: Eleftheria Athanasopoulou 40, Stadiou Str. 102 52 ATHENS, GREECE Τel. 30 210 326 2435 E-mail communication1alpha.gr Design - Production GOD A.E. < Contents > IN FOCUS Alpha Bank enters into a landmark agreement with Davidson Kempner over Euro 10.8 billion Galaxy portfolio “We drive forward the implementation of its transformation plan so as to capture superior growth opportunities” Vassilios Psaltis, CEO assilios Psaltis, CEO of Alpha Bank, said: “We are excited to enter V into a long-term agreement for Project Galaxy with Davidson Kempner, a highly experienced US investor. This is a turning point for our Bank as we are making a decisive step in dealing conclusively with the legacy asset quality issues from the long-lasting recession in Greece. In spite of the unprecedented conditions we experienced due to Covid, we are proud to have managed to sign such a complex transaction in just eight months from launch, to attract significant international investor interest and to fully meet our targeted capital envelope for this transaction. Alpha Bank now continues with undivided attention to implement the last mile in its de-risking strategy and to drive forward the implementation of its transformation plan so as to capture superior growth opportunities.” In order to read the Press Release, click here. < 3 / 42 > IN FOCUS Project Galaxy: Facts & Figures NPE securitization st largest nd largest 1 in Greece 2 in Europe Transaction of €10.8billion Landmark Transaction of the sector’s denounced loans 20% NPEs* Denounced NPEs* RATIO in Greece >90dpd NPE NPL OTHER BANKS OTHER BANKS 9. 2020 43% 29% 65% 45% 71% 42% 2. 2021 24% 13% average reduction average reduction *over the past three years Alpha Bank is committed to decreasing its NPE ratio <10% < 4 / 42 > IN FOCUS Project Galaxy: Facts & Figures New Cepal .......... CEPAL 80% HOLDINGS DAVIDSON KEMPNER .......... 20% ALPHA BANK largest servicer in the Greek market Servicing Transaction is 13 expected to close in 1000 years Agreement employees Q2 2021 no commitment to extend ................................................................................................................................................................................................... WHICH IS DAVIDSON KEMPNER CAPITAL MANAGEMENT LP; A highly experienced U.S.A. - registered global investor years of in assets under professionals <35 experience < $34 billion management < 400 all over the world < 5 / 42 > IN FOCUS Alpha Bank – Davidson Kempner agreement over Project Galaxy is warmly received by Greek and international Press The completion of the Galaxy Transaction, amounting to Euro 10.8 billion, was particularly well-received by the Greek and international press, in the aftermath of the definitive agreement signed between Alpha Bank and Davidson Kempner. Important newspapers and credible news portals, as well as international news agencies and reputable media, talked about a “landmark” agreement, stressing the importance of the Bank offloading a significant amount of bad loans in drastically cleaning up its balance sheet. There were many references to the creation of a “new, healthy” bank and Alpha Bank heading towards a new era, while numerous media hosted statements by Alpha Bank’s CEO, Vassilios Psaltis. < 6 / 42 > IN FOCUS Major media highlighted the multiple benefits of the deal, not just for the Bank but for the Greek banking system overall, as well as the decisiveness that Alpha Bank demonstrated in conclusively dealing with the legacy asset quality issues caused by the long-lasting recession in Greece. At the same time, international credit rating agencies (Moody’s, Fitch, Standard & Poors) were also in favor of the agreement, describing it as credit positive and stressing the improvement of the investment climate towards the country. < 7 / 42 > IN FOCUS Alpha Bank further optimises its capital structure with a successful Euro 500 million Tier 2 bond issuance n the back of having announced the signing of the landmark Galaxy transaction amidst the pandemic and O despite volatile markets, Alpha Bank successfully placed a Euro 500 million, Tier 2 bond with a diverse range of institutional investors. This transaction marks the second consecutive issuance for Alpha Bank supporting the tightest priced Tier 2 capital layer among Greek Financial Institutions. The subordinated bond has a 10.25-year maturity and is callable anytime between year 5 and year 5.25 with a coupon of 5.5%. The bond is listed on the Luxembourg Stock Exchange – EuroMTF Market. The issue was met with strong institutional support, with an order book subscribed by circa two times. Maintaining strong capital ratios and ample buffers over requirements has been and remains core to Alpha Bank’s strategy. This transaction demonstrates the management’s continued commitment to deliver on the Strategic Plan presented to the investor community in November 2019, of which Tier 2 issuance was an integral part. The issuance itself further optimises the Bank’s capital structure and strengthens its Total Capital Ratio by circa 1.25% (pro-forma for Galaxy). Moreover, it diversifies its capital sources, while increasing Alpha Bank’s surplus above overall capital requirements, allowing for an appropriate headroom for the Bank to pursue its further NPE reduction initiatives and continue its transformation plan towards its stated profitability targets. Barclays, Citi, Goldman Sachs, J.P. Morgan and Nomura acted as joint bookrunners and Citi was the structuring advisor on the transaction. < 8 / 42 > IN FOCUS As part of the marketing effort of its successful Tier 2 Bond issuance, Alpha Bank’s Management, led by its CEO, Vassilios Psaltis and its General Manager - CFO, Lazaros Papagaryfallou as well as other members of the Management, carried out a series of Virtual meetings with selected foreign Institutional investors most of them with long-term investment horizon and a strong interest to the prospects of the Bank. Specifically, within two-days of marketing, 28 virtual meetings either Group or “one-on-one” took place, reaching out to more than 58 portfolio managers from 49 international investment companies. Panayotis Kapopoulos Elena Katopodi Vassilios Psaltis George Michalopoulos The discussions held with investors focused on the material de-risking achieved post Galaxy completion, and the Bank’s aspirations to reach single digit NPE ratio by 2022, that will allow it to de-escalate its CoR and significantly improve its profitability. Dimitrios Kostopoulos Anastasios Rizos Ekaterini Marmara Lazaros Papagaryfallou < 9 / 42 > THE BANK Successful completion of the annual Evaluation of the Equipment and Consumables Warehouse Department in accordance with the international ISO 9001: 2015 Standard he Equipment and Consumables Warehouse Department of the Procurement, Property T and Security Division completed its annual Evaluation successfully, in accordance with the international ISO 9001: 2015 Standard. The Evaluation was undertaken by TÜV AUSTRIA, an Alpha Bank partner and one of the most distinguished Bodies in matters of Quality Systems Certifications. ISO 9001 is an international management standard, which sets the conditions for the proper operation and implementation of a Quality Management System. The New ISO 9001: 2015 Standard puts emphasis on Process Approach and Risk Assessment in each process as well as on the establishment of indexes and targets (Process
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