How to Take Out an RRF Loan

We have formed a team of experts who have been trained on the actions of the Recovery and Resilience Facility. They are available through our Branch Network and/or Central Business Units.

We work together with you to:

• Set your business goals.
• Assess whether your investment plan aligns with the eligibility criteria and conditions of the RRF actions.

Through our advisory capacity, we help you make the most of and adopt practices that support the sustainability and effectiveness of your investment plan.

Together we choose the RRF action that meets your needs and the most effective investment programme for you. We propose the most suitable financing scheme that matches your investment goals and meets the RRF conditions:

• 50% maximum funding through the RRF.
• 30% minimum co-financing from Alpha Bank.
• 20% minimum investor own funds.

We provide flexible and favourable co-financing solutions that effectively allow you to:

• Boost your productivity and develop innovations.
• Incorporate your business in value chains.
• Integrate digital technologies and green growth practices.
• Promote the extroversion of your business.

We have designed a comprehensive package of services to turn your investment plans into a reality as soon as possible:

Banking products

• Bridge financing to cover your eligible expenditures until the disbursement of the RRF or co-financing loan.
• Letters of guarantee and letters of credit with special terms to buy the equipment for your investment.
• Payments to suppliers (domestic and foreign).
• Suitable financing for non-eligible expenditures.
• Interest rate hedging products.

Non-banking products through our partner ecosystem

• Consultation on banking issues and technical support, from the time your draft your investment plan to the time you secure its financing and put it to use.
• Energy efficiency services, certifications, digital transformation etc.
• Insurance for your investment at special rates.

As soon as you settle on the investment plan that meets your needs, you may submit your application for funding through the RRF and co-financing through Alpha Bank.

File preparation and financing application

To submit your application, you must compile a comprehensive file with documents and information about your business and investment plan.

Find out the supporting documents you need to include in your file.

Application evaluation

The application is evaluated by 2 independent bodies: Alpha Bank and a Certified Independent Auditor (CIA) appointed by the RRF.

Evaluation by Alpha Bank

We evaluate whether your investment plan can be financed in banking terms. Provided your application for an RRF loan and a co-financing loan from us is pre-approved, we provide the details of your evaluation to the CIA:

• Pre-approval of the investment plan lending, where we state the lending terms (loan amount, interest rate, loan term, grace period etc.).
• The total financing scheme, which includes the co-financing percentage we offer and the percentage of your own contribution in the investment.
• Evaluation of the credit rating of your business.
• Evaluation of the collateral offered for the loan, with one of the following classifications: high collateralisation, normal collateralisation, low collateralisation.

Evaluation by a Certified Independent Auditor

The Certified Independent Auditor (CIA) evaluates the eligibility of your investment against the requirements and guidelines of the National Recovery and Resilience Plan (NRRP), and checks its compliance to the rules for state subsidies.

They initially evaluate the eligibility of the investment plan. Then they check whether your investment plan:

• Complies with the do no significant harm (DNSH) principle.
• Is eligible based on the RRF investment goals / pillars. The RRF loan amount is also determined at this stage.
• Contributes to the green and digital tagging goals.
• Is in line with the state subsidies.

For the evaluation, you sign a service agreement with the CIA. This agreement also includes the amount of the fee you need to pay to the CIA.

View the fees that have been set for CIAs by the Ministry of Finance in the Call for creating a list/register of assessors (p. 30).

Final lending decision

Once the CIA concludes their evaluation, we inform you as to whether the financing for your investment has been approved or not.

If you financing has been approved by Alpha Bank and the CIA, we sign the relevant contacts.

You may now kick off your project.

The RRF loan may be disbursed in a lump sum or in multiple disbursements, depending on the progress of your investment. Before each disbursement, we certify:

• The progress of works.
• Whether the project is compatible with the goals that have been set.