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Selected financial results of JSC «Alfa-Bank» for FY2017 based on Russian Accounting Standards with no adjustment for post-balance sheet events (non-consolidated)
18 January 2018Selected financial results of JSC «Alfa-Bank» for FY2017 based on Russian Accounting Standards with no adjustment for post-balance sheet events (non-consolidated) —

Data as of 1 January 2018 do not account for post-balance sheet events.

Alexei Tchoukhlov, Acting Chief Executive Officer, Deputy Chairman of the Executive Board, Chief Financial Officer:

"In 2017, the Bank was steadily progressing to reach the targets under the current strategy. Substantial growth of credit portfolio, commission income and adherence to the targeted operating expenses allowed Alfa Bank to generate decent profit during the year.

Based on the current data capital ratios as of 1 January 2018 amounted to:
• N1.1 — 7.878% (minimum level set by CBR for parent companies of banking groups on consolidated terms including systemic importance buffer: 6.1% for 2017, 7.025% for 2018, with minimum solo-level set by CBR of 4.5%);
• N1.2 —9.142% (minimum level set by CBR for parent companies of banking groups on consolidated terms including systemic importance buffer: 7.6% for 2017, 8.525% for 2018, with minimum solo-level set by CBR of 6.0%);
• N1.0 —12.04% (minimum level set by CBR for parent companies of banking groups on consolidated terms including systemic importance buffer: 9.6% for 2017, 10.525% for 2018, with minimum solo-level set by CBR of 8.0%);

JSC «Alfa-Bank» is focused on internal capital adequacy control procedures to ensure full compliance with statutory requirements and also provide an effective cushion for further asset growth in accordance with the planned targets and in light of the current market environment.

Following the audit of Bank’s financial results under Russian accounting standards for 2017 and adjustments for post-balance sheet events, Bank would be able to transfer part of its profit for the year from the tier 2 capital to the common equity tier 1 capital which would result in an increase of Alfa Bank’s N1.1 Ratio and N1.2 Ratio"