News


Moscow, 20 December 2001 — Alfa-Bank managers are ranked among the most professional managers in Russia in the latest Top 1000 list. Mikhail Fridman, Chairman of the Board of Directors of Alfa-Bank, comes first, with Alfa-Bank's President Peter Aven ninth and Leonard Vid, Chairman of the Executive Board of the Bank, in 29th place.
Moscow, 10 Dec 2001 — Alfa-Bank said today it planned to issue a Eurobond next year and to roll out a new retail banking operation.
Alfa-Bank, Russia's largest private bank, today signed a US $20 million syndicated loan, the biggest unsecured financing for a Russian bank successfully closed since the 1998 financial crisis.
London, 3 December 2001 — International credit rating agency Moody's today upgraded the foreign currency deposit ratings of Russia's Alfa-Bank from B3 to the new country ceiling of B1.
London, 4 Dec 2001 — Alfa-Bank's President Peter Aven said today Russia's banking system was failing to deliver and that the country needed stronger banks and fewer of them.
London, 22 Nov, 2001 — Dancers of the Faizi Gaskarov ensemble from the Republic of Bashkortostan bedazzled a London audience last night with grace, colour and agility in a performance of folk dances from various regions of Russia.
Moscow, 12 November 2001 — Alfa-Bank, Russia's largest privately owned bank, announced today it had appointed a new head of Information Technology, Martin Pilecky.
03 November 2001Alfa-Bank CEO sees banking shakeout in Russia — Boston, USA
Alfa-Bank's CEO Alex Knaster told a Russian Investment symposium that he foresaw a massive shakeout in the banking sector in Russia.
Amsterdam, 29 October 2001 -Amsterdam Trade Bank N.V. announced today it had appointed Berne Union Secretary-General Anne van't Veer as Managing Director. The appointment follows the re-launch of the Amsterdam Trade Bank N.V. under its new owners, Russia's largest private banking group, Alfa-Bank, and in effect marks Mr van't Veer's return to the bank.
Moscow, 10 October 2001 — Alfa-Bank Holdings Limited, the head company of Russia's largest private bank Alfa-Bank, made net IAS profits of US $38 million in the first half of 2001 and reported strong underlying growth in business.
New York, 2 October 2001 — Alfa-Bank's New York subsidiary Alfa Capital Markets Inc. said today it had hired two sales directors for North America to join its rapidly expanding global equities business.
Moscow, 9 August 2001 – International credit rating agency Moody's today upgraded Russia's Alfa-Bank to its pre-1998 crisis levels, ranking its foreign currency deposit ratings at the country ceiling of B3.
St Petersburg, 19 July 2001 - Queen Sofia of Spain and Prince Albert of Monaco were among a host of celebrity guests at a concert given by Elton John sponsored by Alfa-Bank at the Catherine Palace in Tzarskoje Celo in St Petersburg. Russia's political and business elite joined the 100 specially invited guests who also included members of the British Royal family.
13 July 2001Alfa-Bank arranges first trade finance deal with guarantees from Hermes since 1998 crisis —
Moscow, 13 July 2001 — Alfa-Bank and Alfa Leasing said today they had set up a deal worth more than six million euros to finance the purchase of agricultural equipment manufactured by Claas of Germany for the large Russian gas transport company Belregiongaz.
Elton John will perform at a benefit concert organised by Alfa-Bank before a VIP audience at Russia's elegant Catherine Palace at Tzarskoje Selo (Saint Petersburg) on 19 July 2001. It will be an exclusive event for just 500 people of whom 100 will be personal guests of Elton John, including members of Great Britain's Royal family, Prince Albert and Princess Stephanie of Monaco, and Italian designer Giorgio Armani.
Appearing in Moscow on the stages of the Olimpiiski stadium, Sting entertained more than 18,000 fans and music lovers in Russia. Moscow's enthusiastic audience enjoyed top of the chart hits from his latest album Brand New Day, including his most popular song Desert Rose. His repertoire also included songs from his best album Ten Summoner's Tales and from his earlier days with Police.
VimpelCom (NYSE: VIP), a leading provider of telecommunications services in Russia, today announced that it has signed an agreement with Eco Telecom Limited, a company of Alfa Group, to purchase strategic ownership interests in both VimpelCom and VimpelCom-Region, a wholly-owned subsidiary of VimpelCom, in order to accelerate the development of VimpelCom's regional GSM license portfolio.
Golden Telecom, Inc. (Nasdaq: GLDN) announced today that Alfa-Bank President and former Minister of Foreign Economic Relations of the Russian Federation, Peter Aven, has been elected it’s new Chairman of the Board of Directors.
On May 16, 2001 Series 06 bonds of ALROSA, a large Russian state-controlled diamond producer that accounts for 100% of Russia's and 20% of the world's diamond output, were placed at par value (600 mln rubles) on MICEX (Moscow Inter-bank Currency Exchange).
Alfa-Bank Holdings Limited, the head company of Russia's largest private bank Alfa-Bank Group, made record net profits of $77 million in 2000, up from $50 million in 1999.
London, May 11 — Alfa Group, owner of Russiaôs largest private bank Alfa-Bank, said today it had completed a deal to buy a 43.6 per cent stake in Moscow based Golden Telecom, a NASDAQ quoted Russian Internet and telephone company.
At its April 24 board meeting, ALROSA, a large Russian state-controlled diamond producer that accounts for 100% of Russia's and 20% of the world's diamond output, announced a coupon rate of 24% for its Series 06 bond placement to be held on May 16 on MICEX (Moscow Interbank Currency Exchange).
The veteran blues and pop star Eric Clapton gave two sell-out concerts at the Kremlin Palace in the Moscow on April 10-11 to more than 12,000 fans - many of them older but wildly enthusiastic rockers.
The award winning Russian violinist Vladimir Spivakov played to a packed audience and repeated encores at a recital sponsored by Alfa-Bank at London's Wigmore Hall on April 11th.
London ã Alfa-Bank President Peter Aven shared the platform with Russian government ministers and prominent business leaders at a two-day conference on Russia and was widely quoted in the media for his comments on the Russian economy.
Alfa-Bank (Moscow) sponsors Alfa-Bank Ukraine's associated membership to enter Visa International.
Golden Telecom, Inc. (Nasdaq: GLDN) announced today that its majority shareholder, Global TeleSystems (GTS), has entered into an agreement with Russiaôs Alfa Group, together with investment funds managed by Baring Vostok Capital Partners (õBaring Vostokæ) and Capital International Global Emerging Markets Private Equity Fund, L.P. (õCapitalæ), to sell 12.2 million shares, or approximately 50 percent stake, in Golden Telecom for $125 million, or $10.25 per share.
Alfa-Bank's Tender Committee conducted 56 open-end tenders, whose total in placed orders were equivalent to $4.8 million, since November of last year.
Alfa-Bank announced today that it had acquired a 100 % stake in Amsterdam Trade Bank N.V. — a move that enables Russia's largest private bank to conduct banking operations throughout the European Union (EU).
Alfa-Bank, Russia's largest private bank, announced today it is opening an office in New York by setting up Alfa Capital Markets (USA) Inc. to service corporate clients and investors in the United States, Canada and Latin America
26 February 2001Fitch raises Alfa-Bank's rating —
Fitch has raised Alfa-Bank's long-term rating to 'B-' from 'CCC+' and its short-term rating to 'B' from 'C.' The outlook for its long-term rating has been changed to 'stable' from 'positive.' At the same time, Fitch has upgraded the bank's 'individual' rating to 'D' from 'D/E.'
Beginning on March 1, 2001 the Agency of Restructuring Credit Organizations (ARCO) and SBS-Agro will allow bank-agents to buy its obligations to private depositors.
The program was designed to draw attention to some of most successful managers of financial institutions and determine the leaders for the year 2000.
The diplomas were officially presented to representatives of the Academy in the building of the Union of Artists on February 21, 2001.
Standard & Poor's praised Alfa-Bank's management team, which has positioned the bank well to grow its commercial and investment banking business in Russia's rebounding economy.
The agreement makes provisions for combining efforts to mobilize financial and local resources to restructure and develop the regional economy and the social infrastructure.
Alfa-Bank treasury notes raised more than US$100 mln from November 2000 to February 2001. Alfa-Bank clients enjoyed the advantages of this new instrument.
The agreement makes provisions for combining efforts to resolve regional development issues, which mobilize financial and local resources to restructure the economy and social infrastructure.
Alfa-Bank's loan portfolio increased three-fold in 2000 ($0.4 billion to $1.2 billion). Loans from regional and subsidiary offices were 20.7% of the total value, up from 11.5% at the beginning of the year.
Alfa-Bank is one of Russia's top three bank issuers of international plastic cards. At the beginning of 2001, 113,000 plastic cards were issued by Alfa-Bank, including 107,000 Visa and Europlay cards.
In 2000 Alfa-Bank opened 22 new offices, including 16 regional branches, 5 Moscow branches, and a subsidiary in the Ukraine.
LONDON ã Alfa-Bank is pleased to announce two new appointments to its London subsidiary Alfa Securities. Effective from January 1, 2001, two senior executives from Donaldson, Lufkin and Jenrette will run Alfa Securities equity business in London.