News


London, Dec. 11, 2002. Leading City law firm Davies Arnold Cooper (DAC) and Alfa-Bank are today celebrating after the Privy Council overturned a decision of the Bahamanian Court of Appeal which marks the end of long running litigation against millionaire Czech business man Viktor Kozeny.
Moscow, 21 November, 2002 — Moody's Investors Service has assigned a rating of B1 to the US$175 million issue of three-year senior unsecured notes by Alfa-Russia Finance B.V.
The Joint Stock Company “United Heavy Machinery” (Uralmash-lzhora Group, or UHM) successfully placed $30 mln in Credit Linked Notes (CLNs) on November 15, 2002. The CLNs are tied to a USD loan extended by ING Bank and target foreign investors. The notes mature in two years and carry an 11.25% coupon paid semi-annually.
Alfa Group, VimpelCom and Telenor today announced the closing of a $175.44 million investment in the VimpelCom regional subsidiary, VimpelCom-Region. VimpelCom, affiliates of Alfa Group of Russia and Telenor each invested $58.48 million in VimpelCom-Region. Mikhail Fridman, Chairman of the Board of Directors of Alfa Group Consortium, Jo Lunder, Chief Executive Officer of VimpelCom, and Jon Fredrik Baksaas, President and Chief Executive Officer of Telenor, signed the documents consummating the closing in Oslo today in the presence of Russian President Vladimir Putin, who is paying an official visit to Norway, and the Norwegian Prime Minister Kjell Magne Bondevik.
Moscow, 5 November, 2002 — Alfa-Bank (B1/B-/B) launched and priced a US$175 million three-year Eurobond with a coupon of 10.75% and a yield of 10.95%.
This appointment is consistent with Alfa-Bank's policy of building a team of the very best Russian and international professionals whose mission is to provide clients with top ideas, service and execution. As Chief Strategist, Chris Weafer will seek out investment opportunities and synthesize recommendations based on input from the Bank's sector analysts.
Representatives of Alfa-Bank and JP Morgan Chase Bank held a meeting at which Alfa-Bank was presented with JP Morgan Chase Quality Recognition Award. The meeting was attended by Maxim Topper, Head of International Division, Alfa-Bank, and Steve Wilder, Member of the Board of Directors, JP Morgan Chase Bank. Mr. Wilder is an executive vice-president of JP Morgan Chase Bank for EMEA (Europe, Middle East and Africa).
Romeôs Teatro dellôOpera, Italyôs main opera house and rival to La Scala, staged a highly successful production at the State Kremlin Palace.
Alex Miller, Chairman of the Board of Gazprom and Peter Aven, Alfa Bank President have met in Gazprom's Head Office in Moscow today to sign a number of agreements on strategic cooperation.
The Russian grandmasters of chess take on players from the around the world on 8th and 12th September 2002. The importance of the event is emphasized by the fact that Vladimir Putin, President of the Russia has agreed to become Chairman of the organizing committee.
The consortium of Alfa-Bank and Merrill Lynch fully met the following criteria which formed the basis of the competitive tender.
On Sept. 2, 2002, Standard & PoorŐs Ratings Services raised its long-term counterparty credit rating on Russia-based Alfa-Bank to single-“B”-minus from triple-“C”-plus. The outlook was revised to stable from positive. The single-“C” short-term counterparty credit rating was affirmed
Alfa-Bank has taken the lead among banking institutions in the volume of sales concluded on the Russian stock market during the second quarter of 2002.
Moscow, 31 July 2002 — Alfa-Bank, RussiaŐs largest privately owned bank, today announced it had appointed Rushan Khvesyuk as Chairman of the Executive Board.
London, 12 July 2002 — The Euromoney Magazine said it had named Alfa-Bank Best Bank in Russia in 2002.
10 July 2002Alfa-Bank announces extension of the closing date for the Competition for the Design of a Monument to Joseph Brodsky in Saint-Petersburg —
The announcement of the Competition for the Design of a Monument to Joseph Brodsky in Saint-Petersburg was met with a generous public response: journalists, cultural workers, men of letters, readers spoke őforć or őagainstć the monument project on newspaper pages or telescreen. A debate on the poet-memory-monument theme was held on the site www.brodsky.alfabank.ru.
Alfa-Bank, Russia's largest privately owned bank, today announced it had appointed Bernard Sucher as head of Alfa Asset Management.
London, 1 July 2002 — Alfa-Bank entered The Banker magazine's Top 1,000 World Banks Rankings for the first time in 777th place, according to the latest rankings published today.
London, 28 June 2002 — International Ratings Agency Fitch said today it had upgraded Alfa-Bank's long-term rating to B from B- and said the long-term outlook remained Positive. It affirmed the Bank's short-term rating at B.
London, 11 June 2002 — Peter Aven, President of Russia's Alfa-Bank, told Britain's House of Lords today that multinational companies had been a positive force for change in Russia and that the country needed more of them.
Moscow, 11 June 2002 — Alfa-Bank today denied a newspaper story that it is planning to sell part of its equity to Citigroup Inc.
New York, 3 June 2002 — Russia's largest private bank, Alfa-Bank, and the U.S. government's Overseas Private Investment Corporation (OPIC) have signed a Memorandum of Understanding to promote investment in Russia.
Moscow, 16 May 2002 — Alfa-Bank announced today that it will sponsor an important exhibition of the Russian Suprematist artist Kasimir Malevich in New York in 2003.
Moscow, 25 April 2002 - The National Association of Stock Traders (NAUFOR) named Alfa-Bank the Best Credit Institution in its annual "Stock Market Elite" awards for Russian financial companies.
Moscow, 24 April 2002 — RussiaŐs Alfa-Bank said today that it had appointed Merrill Lynch International and UBS Warburg jointly to assist in exploring opportunities for issuing a new Eurobond.
Moscow, 17 April 2002 — Alfa-Bank, Russia's largest private bank, today announced record profits of US $85 million for 2001, up from US $77 million in 2000, and said the results reflected strong underlying growth.
London, 18 April 2002 — Russia must undergo further economic reform to complete its capitalist revolution, Peter Aven, the President of the country's leading private bank, Alfa-Bank, told a London conference today.
New York, 17 April 2002 — Mikhail Fridman, chairman of the board of Alfa-Bank, held a press conference today at the landmark Solomon R. Guggenheim Museum to announce the Joseph Brodsky Memorial Design Competition to the American press. Thomas Krens, director of the Guggenheim Museum and a personal friend of Brodsky, was a special guest.
Moscow, 16 April 2002 — BP announced today that it had completed a transaction with Alfa Group and Access-Renova to expand its stake in the Russian oil and gas producer, Sidanco, from 10 to 25 per cent.
New York, 10 April 2002 — The U.S. Global Finance magazine said it had named Alfa-Bank Best Trade Finance Bank Russia in 2002.
Gstaad, Switzerland — Alfa-Bank hosted an exclusive investment conference in March at this Swiss Alpine resort bringing together prominent fund managers from the U.K. and Continental Europe and top Russian business leaders.
St. Petersburg, 14 March 2002 — Alfa-Bank and the St. Petersburg City Planning and Architecture Committee are jointly sponsoring a competition to erect a monument in St. Petersburg to the Nobel Prize winning poet Joseph Brodsky, who was exiled from Russia during the communist period and died in the USA.
London, 7 March 2002 — The international ratings agency Standard & Poor's (S&P) today revised its outlook on Russia's Alfa-Bank to positive from stable, and said the upgrade reflected the improved economic environment in Russia and the Bank's enhanced commercial potential.
New York, 7 March 2002 — Global Finance magazine said today it had named Alfa-Bank Russia's Best Bank in 2002. This is the fourth consecutive year that Alfa-Bank has won the award.
London, 26 February - Alfa-Bank, Russia's largest private bank, took the lead here today with top UK and Russian officials at a ground-breaking conference on Stop Money Laundering.
London, 10 January 2002 — Fitch, the international rating agency, today changed the Outlook for Russia's Alfa-Bank's Long-term rating of B- (B minus) to Positive from Stable.