News


Moscow, Russia On Wednesday December 30th, 2003 the most influential Business media Vedomosti, published in collaboration with The Wall Street Journal and Financial Times, Named Alfa Group Chairman Mikhail Fridman Businessman of the Year.
Moscow, Russia   Alfa-Bank (Ba2/B/B+) today made inaugural drawdowns off its recently established US$200 million euro commercial paper programme. The programme has been rated C by Standard and Poor's and represents the first traditional euro commercial paper programme out of Russia since the 1998 debt crisis.
Moscow, Russia Richard Sobel, a US citizen and former ING Baring fund manager with extensive private equity investment experience in Russia has recently been hired as chief executive officer of Alfa Private Equity Ltd., to run Alfa's private equity and real estate equity capital unit.
Paris, France   Standard & Poor's Ratings Services said today it has assigned its single-“C” short-term senior unsecured debt rating to the $200 million euro-commercial paper program of the Alfa-Bank group.
Moscow, Russia Moody's Investors Service has upgraded to D from E+ the Financial Strength Rating (FSR) of Russia's Alfa-Bank; and has also raised to Ba2 from B1 the ratings of Alfa's long-term deposits and senior debt issued by Alfa-Russia Finance B. V.
Paris, France   According to Peter Aven, President of Alfa-Bank, new members' entry to EU in May 2004 will reinforce the trade links between Russia and EU.
London, UK   According to Oleg Tumanov, Alfa-Bank's Deputy CEO, Russian banks are operating in a more competitive environment with decline in interest rates and greater penetration of foreign banks.
London, UK   Alfa-Bank, Russia's largest private bank, today signed a US $82 million 364-day Trade-Related Term Syndicated Loan, the biggest unsecured financing for a private Russian bank successfully closed since the 1998 financial crisis and the third one for Alfa-Bank since 1998.
Moscow, Russia Alfa-Bank is continually working to prevent clients of the bank from carrying out illegal financial operations.
Moscow, Russia   Alfa-Bank, Russia's largest privately owned bank, today announced it had appointed Petr Smida as Deputy Chairman of the Board of Directors.
Moscow, Russia   Alfa Bank Express, a brand of the new Alfa Bank's retail business has received a National “Brand of the Year”Award in Russia.
Amsterdam, Netherlands   According to Anne Van't Veer, Managing Director Amsterdam Trade Bank, the European Division of Alfa-Bank Group, Russia will be in a much better shape to weather a future economic storm, if it uses today's relatively rich years to adjust, to reform the real economy.
Moscow, Russia   Alfa Capital, one of Russia's strongest asset managers, underlined its commitment to the country's growing savings and investment markets today with the hiring of Charles J. Tennes as Chief Investment Officer.
Moscow, Russia   According to Mikhail Fridman, Chairman Alfa Group, while Russia still has a long way to go to develop as a matured society, it has plenty of places to in which to invest.
London, UK   Emerging Markets Newspaper names Alfa-Bank “Most Improved Bank in Emerging Europe” for 2003.
Moscow, Russia   Representatives of Alfa-Bank and JP Morgan Chase Bank held a meeting last week at which Alfa-Bank was presented with JP Morgan Chase Quality Recognition Award.
London, UK   Fitch Ratings, the international rating agency, has today upgraded Russia's Alfa-Bank's Long-term rating to B+ from B. At the same time, the agency has changed the Outlook to Stable from Positive.
Moscow, Russia    Alfa-Bank increased Amsterdam Trade Bank N. V. paid-in capital to 40 million EUR.
On Sept. 2, 2003, Standard & Poor's Ratings Services raised its long-term counterparty credit and senior unsecured debt ratings on Alfa-Bank to “B” from “B–”. The outlook was revised to stable from positive. The single-“C” short-term counterparty credit rating was affirmed.
Moscow, Russia  Procter & Gamble selected as the first winner of the Award for Excellence in Foreign Investment, sponsored by Alfa-Bank and the Lauder Institute of the Wharton School of Business
Moscow, Russia   Alfa-Bank today announced the retail business output in the first half of 2003.
London, UK British magazine The Banker did apologise for the mistake that has been published in July issue of The Banker Top 1,000 World Banks.
London, UK Alfa-Bank enters the top 25 List in the Thomson Financial European Mergers and Acquisitions League Table in the First Half of 2003.
London, UK   BusinessWeek's Fourth Annual “Stars of Europe” issue profiles 25 leaders at the forefront of change. July 7 Issue Lists Alexei Mordashov, David Levin, Hans Verkoren, Dora Bakoyianni, Guido Barilla, Tony Blair, Arkady Dvorkovich, Mikhail Fridman, Among Others Leading The Effort To Make Europe Dynamic Again.
Moscow, Russia Alfa-Bank Chairman of the Board of Directors Mikhail Fridman Announces Creation of Alfa-Bank and Lauder Institute Award for Foreign Investment.
Moscow, Russia Alfa-Bank launches a First Leading Indicator of Portfolio and Strategic Investment towards Russia — Alfa-Bank Investor Confidence Index.
Moscow, Russia Alfa-Bank said today it had hired three new directors for its Russian, UK and North American operations to add to its rapidly growing global equities business.
New York, USA Kazimir Malevich: Suprematism will open at the Solomon R. Guggenheim Museum on May 13, following its critically acclaimed presentation at the Deutsche Guggenheim in Berlin, where it was seen by a record 70,000 visitors.
Washington, USA    On Saturday, May 3rd, 2003 Alfa Group Chairman Mikhail Fridman will travel to Washington, DC to receive the Golden Plate Award of the International Academy of Achievement. The Golden Plate Award is given annually to international business, political, economic and cultural leaders who have set an example for the world' s youth.
Moscow, Russia   Alfa-Bank, Russia's largest privately owned bank, today announced the launch of its new retail business, operating under the Alfa Bank Express brand and introduced to provide state-of-the-art retail services for private individual and SME customers.
London, UK    According to Peter Aven, in 2002 the Russian economy continued to show substantial growth, expanding at a 4.3% rate backed by a rapid increase in bank lending and corporate foreign borrowing. At the same time, further economic progress must still be supported by fiscal reform, deregulation and administrative reform.
Alfa-Bank, TNK and BP will sponsor the first-ever concert in Russia of Paul McCartney performing in Moscow's the Red Square on May 24, 2003.
Paris (Standard & Poorôs) March 14, 2003 Standard & Poorôs Ratings Services said today that it had revised its outlook on Russia-based Alfa-Bank to positive from stable. At the same time, the õBæ-minus long-term and õCæ short-term counterparty credit ratings on the bank were affirmed.
New York, February 2003 — Global Finance magazine has named Alfa-Bank the Best Overall Bank in Russia, Best M&A advisor and Best Trade Finance Bank.
New York, February 2003 — Global Finance magazine has named Alfa-Bank the Best Trade Finance Bank in Russia for the third year in a row.
Today Alfa Group and Access-Renova (jointly, “AAR”) and the international oil major ÷ò have announced the intention to combine their oil and gas operations in Russia and Ukraine. The new holding company will become the third-largest oil company in Russia by reserves and production.
Some 600 members of Moscowôs design and architectural community gathered in the Novaya Opera building on Karetny Ryad for the award ceremony Architects Awards, organized by Salon Press, on Nov. 19. The outside of the building was bathed in spotlights, and, inside, â spectacular show was organized. For those guests coming in from the cold, it was â bit of â shock
London, 31 Jan 2003 — Alfa-Bank, Russia's largest private bank, today signed a US $50 million 364-day Trade-Related Term Syndicated Loan, the biggest unsecured financing for a private Russian bank successfully closed since the 1998 financial crisis.