18 January 2018
The Covered Bond Label Foundation (CBLF) is delighted to announce that Alpha Bank A.E. has become the first Greek issuer to join the Covered Bond Label, and the 96th issuer overall to hold the Label. Following the bank’s accession, the total number of cover pools now bearing the Covered Bond Label stands at 113.
Commenting on this latest addition to the Label, Luca Bertalot, Covered Bond Label Foundation Administrator, said:
The decision of Alpha Bank to join the Covered Bond Label confirms the importance for new covered bond market participants to ensure maximum transparency by implementing the Harmonised Transparency Template (HTT).
Commenting on this latest addition to the Label Nikolaos Zagorissios, Senior Manager of Capital Management and Banking Supervision Division, said:
Alpha Bank, as the first Greek bank to obtain the Covered Bond Label, further strengthens its long-established relationship with the international investor community, being prepared to fully comply with common standards as well as transparency and comparability requirements, already met by global covered bond issuers.
To recap, the Covered Bond Label is a quality label, the purpose of which is to highlight the security and quality of covered bonds to investors and to further enhance recognition of and trust in the covered bond asset class.
The Covered Bond Label is open to all covered bond programmes that are compliant with the Covered Bond Label Convention and disclose their data by publishing the Harmonised Transparency Template (HTT). More information on all labelled issuers and the Label itself can be found on the Covered Bond Label website at www.coveredbondlabel.com.