News

  • Alfa-Bank — First Russian Bank to Join R3 Blockchain Consortium

    R3 is a consortium of the world’s largest banks, financial institutions, national financial regulatory authorities, trade associations and lenders, united in a single infrastructure based on distributed ledger technology (blockchain). The consortium headquartered in New York currently comprises the largest global financial companies: Bank of America, Credit Suisse, Goldman Sachs, J.P. Morgan, Barclays, Deutsche Bank, Commerzbank, Citibank, Morgan Stanley, etc. The R3 consortium members … Continued

  • Alfa-Bank Announces IFRS Results for 2017

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for 2017. Over this period the Group has demonstrated positive dynamics in key financial indicators, strengthened its position on the market, thus further proving sustainability of its business model. Net profit of the Alfa Banking Group grew by 1.5 times in comparison with 2016 … Continued

  • Alfa-Bank successfully closes the book for USD 500 mln Basel III compliant perpetual subordinated Eurobonds

    On January 25, AO «ALFA-BANK» successfully closed issue of USD 500 mln perpetual Eurobonds compliant with Basel III (Central Bank Regulation 395-P). The total amount of the subordinated loan will stand at USD 500 mln, the first call option is scheduled in 5.25 years; the initial coupon rate for the first 5.25 years was fixed … Continued

  • Selected 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 … Continued

  • Alfa-Bank goes live with SWIFT’s global payments innovation service

    Alfa-Bank leverages SWIFT gpi to provide its clients with increased speed, transparency and predictability of payments. Moscow & Brussels, 16 January 2018 — Alfa-Bank, a Russian leading banking institution announced today that it has started to use SWIFT’s global payments innovation (gpi), a suite of services that increases the speed, transparency and traceability of cross-border payments. Having gone live on SWIFT gpi on 18 December 2017 Alfa-Bank is able to start providing … Continued

  • Moody’s Investors Service upgrades Alfa-Bank’s ratings to Ba1 from Ba2

    On October 31, 2017, Moody’s Investors Service upgraded to Ba1 from Ba2 Alfa-Bank’s local-currency long-term deposit rating and local- and foreign-currency senior unsecured debt ratings. Moody’s also affirmed the bank’s Ba2 foreign-currency deposit ratings that are constrained by the foreign-currency deposit ceiling of Russia. The outlook is stable. The ratings’ upgrade resulted from the reviewed scope of government support, due to the changed … Continued

  • Alfa-Bank Announces IFRS Results for the First Half of Year 2017

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for the first half of 2017. Over this period, Group’s key financial indicators showed positive dynamics, thus strengthening its position on the market, and further proving sustainability of its business model. Net profit of the Alfa Banking Group grew by 2,7 times in comparison … Continued

  • Alfa-Bank announces the appointment of Oskar Hartmann a Member of the Board of Directors of Alfa-Bank

    Mr. Oskar Hartmann was elected to become a member of the Board of Directors of Alfa Bank Russia. In his role he will oversee the development of the Bank’s Digital Strategy. «Being a leading privately owned bank, we are greatly motivated by Mr. Hartmann’s success as an entrepreneur in Technological businesses. I am convinced that his understanding, expertise and energy will contribute to the Bank’s success in the fast developing Digital World», … Continued

  • Pay It: Alfa-Bank’s clients now have an opportunity to withdraw and deposit money through ATMs using «Pay» mobile payment services

    June 22, 2017 — Alfa-Bank’s Mastercard-holding clients will be able to withdraw and deposit money through ATMs using their phone or smartwatch. To withdraw or deposit money all you have to do is to put your phone or smartwatch on the NFC sticker and confirm with your fingerprint. You will still have to enter your PIN on the ATM for security reasons. If you have a few cards uploaded to your «Pay» wallets, … Continued

  • Moody’s upgrades Alfa-Bank’s BCA to ba2

    On 24 May 2017 Moody’s Investors Service today upgraded Alfa-Bank’s Baseline Credit Assessment (BCA) and adjusted BCA to ba2 from ba3 and affirmed the Ba2 long-term local- and foreign-currency senior unsecured debt and deposit ratings with a stable outlook. The BCA upgrade to ba2 from ba3 reflects recent improvements in Alfa-Bank’s financial metrics which Moody’s expects to be sustained in the longer term. … Continued