Financing of the digital transformation program of the HELLENIC PETROLEUM Group by Alpha Bank with the support of RRF

The investment is part of the "Digital Transition" pillar of "Greece 2.0"

HELPE DIGITAL S.A., a 100% subsidiary of HELLENIC PETROLEUM HOLDINGS S.A., proceeded on Tuesday, August 30, 2022, to sign a loan agreement with Alpha Bank for the financing of the digital transformation program of the HELLENIC PETROLEUM Group, with the participation of the Recovery and Resilience Facility (RRF).

The financing will be carried out through the issuance of a joint bond loan of €33.4 million, with a duration of 15 years, with the participation of RRF and Alpha Bank and will cover 80% of the digital transformation investment program.

The overall digital transformation investment plan of the HELPE Group, as approved and implemented since July 2020, concerns the following areas of activity:

• The Digital Enterprise, with individual areas of supply chain management, infrastructure maintenance, optimal energy management, digital operations and Refinery performance management

• Digital Retailing, with a series of improvements in the functions of Commerce and foreign subsidiaries, as well as the introduction and development of a loyalty platform

• Digital central services, which include projects in the financial services and Group procurement sectors

• Series of actions for the Digital modernization of the Group's central systems (ERP) and the strengthening of Cyber Security

Present at the signing ceremony of the financing contract were the Governor of Recovery and Resilience Facility Coordination Agency (RRFA), Mr. Nikos Mantzoufas, the General Manager Wholesale Banking of Alpha Bank, Mr. Ioannis Emiris, the Managers of the Bank's Wholesale Banking Lending Division Mrs. Georgia Farmaki and Corporate Banking Division Mr. Alexandros Kriezis-Karrer, while HELPE Group was represented by the Group's CFO Mr. Vassilis Tsaitas and the HELPE DIGITAL CEO and IT & Digital Transformation Group General Manager Mr. Leonidas Kovaios.




ΕΛΠΕ Alpha Bank