Alpha Bank loans 70 million Euro to eMAG for its first regional logistics hub outside Romania

Alpha Bank has granted nearly 70 million Euro financing to eMAG in support of the construction of the 120,000 sqm capacity eMAG Logistics Center near Budapest, Hungary, representing a total investment of more than 100 million Euro. In the first phase of the project, covering the bridge financing, 30 million Euro were disbursed in December 2022.

This development marks the first large-scale logistics investment outside Romania, as part of the growth of eMAG’s ecommerce ecosystem in the region. The company is also committed to complying with BREEAM Excellent certification standards for green buildings, to optimize energy consumption and limit greenhouse gas emissions.

“Joining forces with the 40,000 sellers listed in eMAG Marketplace, we are currently the universal shopping platform for 9 million clients in Romania, Hungary and Bulgaria. The recent finalization of the merger with Extreme Digital strengthens our position in Hungary where we are the leading ecommerce platform according to GKid and the largest Romanian company. The investment in the logistic center of over 100,000 square meters near Budapest, the largest in Central and Eastern Europe, accelerates the development of our ecosystem across the region and enables cross border expansion for eMAG Marketplace sellers. We are delighted that ALPHA BANK, our long-standing financial partner, shares our confidence in the potential of ecommerce in the years to come”, stated Tudor Manea, CEO eMAG.

“Alpha Bank remains an honest partner of the Romanian business environment, supporting the international expansion of its clients so that national champions become regional leaders. We appreciate and support our clients’ ambitions for regional development through sustainable investments and promotion of a business model based on respect for the environment and responsibility for the future.  We hope that eMAG’s example will be widely adopted by the representatives of the Romanian business community”, stated Sergiu Oprescu, Executive President of Alpha Bank Romania and General Manager of the International Network of the Alpha Bank Group.