News

  • Alfa-Bank Successfully Closed USD 350 mln Basel III Compliant Subordinated Eurobond Issue

    Alfa-Bank has successfully closed the book of subordinated Tier 2 Eurobonds compliant with Basel III (Central Bank Regulation 646-P). The total amount of the subordinated loan is USD 350 mln, the call option is scheduled in 5.5 years, the maturity is in 10.5 years. The coupon rate for the first 5.5 years was fixed at … Continued

  • S&P revised Alfa-Bank Outlook On ‘BB+/B’ To Positive On Resilient Earnings

    S&P Global Ratings revised its outlook on Alfa-Bank to positive from stable. Long-term credit rating of the Bank was affirmed at the level of BB+. The rating agency noted that Alfa-Bank’s operating performance was resilient through 2020, with a return on assets (ROA) of about 2.2% and a cost-to-income ratio below 38% which compares favorably … Continued

  • Fitch Upgrades Alfa-Bank to ‘BBB-‘

    Fitch Ratings upgraded Alfa-Bank’s Long-Term Issuer Default Ratings (IDRs) to ‘BBB-‘ from ‘BB+’. The Outlooks are Stable. Alfa-Bank is the only Russian privately-owned bank with investment grade rating. Fitch has upgraded Alfa’s ratings due to a combination of the following factors. First, Fitch revised the outlook on Russia’s operating environment score to Stable from Negative. … Continued

  • Alfa-Bank Announces IFRS Results for 2020

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for 2020. Net interest income increased to USD 2.3 billion, demonstrating 0.8% growth in ruble terms Net fee and commission income grew by 32.5% in ruble terms and amounted to USD 1.2 billion Net profit increased to USD … Continued

  • Ten Seconds To Card: Alfa-Bank Services Rolled Out In Popular Messengers

    Alfa-Bank has started serving its clients in popular messengers such as Whatsapp, Telegram, Viber and Facebook Messenger. It takes ten seconds to click a link, access the Alfa-Message channel on a messenger, and receive a virtual card. Alfa-Message can be used to transfer money using a card or phone number, to receive money by QR … Continued

  • Alfa-Bank is first among Russian banks to join Contour trade finance network

    Alfa-Bank has joined the Contour international network of trade finance, which interconnects trade companies and banks and ensures fast, reliable and transparent process of drafting, issuing and advising L/C. As a rule, the issuance of a letter of credit is a labor-intensive process involving a vast amount of paperwork and lasting for up to one … Continued

  • Alfa-Bank Announces IFRS Results for the First Half of 2020

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for the First Half of 2020. Net profit increased to USD 592 million. Total comprehensive income for the period (including net profit and other comprehensive income) amounted to USD 265 million including cumulative translation reserve in other … Continued

  • Alfa-Bank starts earning extra money by using AI technologies for analyzing phone calls with its customers

    Alfa-Bank has implemented an intelligent voice analysis system. From now on, every conversation between call center operators and customers will be automatically analyzed by means of AI technologies. This allows the bank to promptly determine the subject of a call, to assess customer satisfaction, and to improve the service. “The pilot voice analysis project fulfilled … Continued

  • Alfa-Bank Announces IFRS Results for 2019

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for 2019. Total comprehensive income for the period (including net profit and other comprehensive income) increased by more than 1.5 times to USD 1.03 billion (compared with USD 697 million in 2018) Net interest income exceeded USD … Continued

  • The Banker names Alfa-Bank the Bank of the Year in Russia 2019

    The Banker, an authoritative international publication, has named Alfa-Bank the Bank of the Year in Russia 2019. The award was given for the impressive growth, successful implementation of strategic initiatives, and technological leadership, which allow Alfa-Bank to thrive even in current market conditions. The experts highly appreciated Alfa-Bank’s achievements in the field of digital business … Continued