News

2008 Annual Report
16 June 20092008 Annual Report — Moscow, Russia

We are proud to say that Alfa-Bank confirmed its status as Russia’s leading private bank in 2008. This was possible thanks to the strategic decisions taken over the past few years and the far-sighted, forward-looking policy implemented by Alfa-Bank’s Management, as well as the solid position built by Alfa-Bank over many years of successful operation.

pdf version of our 2008 Annual Report
file_3394.pdf, 4.2 MB

Founded in 1990, Alfa-Bank is a full-service bank operating in all sectors of the financial market, including retail and corporate lending, investment banking, trade finance and asset management.

Alfa-Bank is Russia’s largest private bank in terms of total assets, total equity and customer accounts.

According to its audited IFRS financial statements for the full year 2009, Alfa-Bank Russia, which comprises OJSC Alfa-Bank as well as subsidiary banks and financial companies, had total assets of $ 21.6 bln, a gross loan portfolio of $15.0 bln, and total equity of $2.7 bln. Net profit after tax attributable to the equity shareholders of Alfa-Bank Russia was $88 mln.

The bank’s corporate and retail client base has grown considerably over the last several years: as of April 1, 2010 Alfa-Bank Russia had served over 40,000 corporate and 4.1 mln retail customers, while the branch network had grown to 326 offices across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United States and the UK.