Alpha Bank Romania joins the “Female Manager” 2022-2027 program as a partner bank

Alpha Bank Romania was selected as a partner bank for the implementation of the “Female Manager” 2022-2027 program, run with the Ministry of Entrepreneurship and Tourism (MAT).

The program, dedicated to improving the economic performance of enterprises led by women, stipulates the granting of a non-refundable financial aid of maximum RON 200,000 to Small and Medium-sized Enterprises (SMEs) in which at least one of the partners is a woman and owns at least 50% of the equity interests/shares of the company.

Alpha Bank Romania will facilitate the opening of current accounts for eligible beneficiaries to access the non-refundable aid and will provide additional financing for business development. At the same time, entrepreneurs with businesses within the first two years of activity, will be able to benefit from the “Start-Up” package, minimizing the financial burden over the business growth period, offering zero commission for 12 months, for several categories of services and products, including access to the “Easy Bill” billing program.

“Romania needs to enhance female entrepreneurship and more female managers. We are happy to be able to support and facilitate the development of this Program that follows the policies and recommendations of the European Commission to encourage women’s participation in decision-making processes, and to fund the implementation of valuable, creative, innovative and impactful projects. SMEs are the engine of economic growth, and Alpha Bank supports the Romanian entrepreneurial ecosystem offering advice and financing solutions adjusted to every business’s need”, said Dragoș Drăghici, Manager of the SME Division of Alpha Bank Romania.

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Statistical data show that in Romania, 31.2% of management positions are occupied by women, a percentage below the European average. At the end of 2021, the number of women shareholders (or partners) in Romanian companies accounted for over 37% of the total number of shareholders/partners.

The trend at the European level since 2020, according to which most tech start-ups founded by women come from Central and Eastern Europe, is also visible at the level of the Romanian economy, as women are active in all innovative sectors of the economy.

As regards the portfolio of Alpha Bank Romania, approximately 50% of the total number of legal entities feature female shareholders in their structure, with a significant contribution within companies and liberal professions.

Alpha Bank Romania actively participates in all government programs aimed at the development of the private sector – IMM Invest, Agro IMM Invest, IMM Prod, Garant Construct, Rural Invest and Innovation – being selected by the Ministry of Entrepreneurship and Tourism as a partner bank within the “National Programs for stimulating the establishment and development of SMEs”.