• Alfa-Bank, X5 Retail Group launch Russia’s first liquidity management blockchain service

    Alfa-Bank and its partner, X5 Retail Group, have launched customizable service Distributed Treasury and Cash Management (DTCM), which enables the bank’s corporate clients to manage their payments, loan and deposit products, and liquidity pool inside the holding. DTCM is a bridge to the Bank-as-a-Service (BaaS) model for corporations. “Practically every case is unique in big … Continued

  • Alfa-Bank joins Interbank Information Network®

    Alfa-Bank has joined J.P. Morgan’s Interbank Information Network® (IIN®). IIN launched as a pilot in 2017 and as a live product in 2018. IIN allows members to exchange information necessary for the completion of payments, minimizing friction in the global payments process, enabling payments to reach beneficiaries faster and with fewer steps. “Working with the … Continued

  • Alfa-Bank Announces IFRS Results for the First Half of Year 2019

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for the First Half of 2019. Total comprehensive income for the period increased to USD 435 million Net interest income exceeded USD 1 billion, demonstrating an almost 20% growth in ruble terms Net fee and commission income … Continued

  • Euromoney names Alfa-Bank best bank for SMEs

    Euromoney, an influential UK-based business magazine, has named Alfa-Bank CEE’s Best Bank for SMEs 2019. The Bank was awarded for the launch in 2018-2019 of innovative credit services for small and medium-sized businesses, a significant growth in lending and increase in clientele, and an effective business model in the SME segment. “Alfa-Bank pioneered the development … Continued

  • Alfa-Bank’s blockchain projects for big corporate business win an international award

    The international financial magazine Global Finance has named Alfa-Bank a winner of the Innovators 2019 award in the Payments nomination. The Bank was recognized for its blockchain projects for big corporate business launched in 2018 and early 2019. This year, Alfa-Bank is the only Russian bank to win the Innovators award. “Innovative projects for big … Continued

  • Alfa-Bank joins the Marco Polo Network to pioneer trade finance with blockchain technology

    Alfa-Bank today announced that it joined the Marco Polo Network, the largest and fastest growing trade finance network leveraging Corda blockchain technology to bring significant efficiencies in financing trade and working capital. Marco Polo offers a state-of-the-art trade finance platform for global working capital needs delivering risk mitigation solutions around payment commitments, receivables financing and … Continued

  • Alfa-Bank Announces IFRS Results for 2018

    The Alfa Banking Group, which includes ABH Financial, AO «Alfa-Bank» and its subsidiaries, reported the IFRS financial results for 2018. Over this period the Group has demonstrated positive dynamics in key financial indicators, strengthened its market position, thus further proving sustainability of its business model. Net profit of the Alfa Banking Group grew by 1.5 … Continued

  • Alfa-Bank is the Best Trade Finance Provider in Russia, according to Global Finance

    Global Finance, a trusted journal, has named Alfa-Bank the best Russian Trade Finance Provider in its exclusive survey. The winners of the Best Trade Finance Providers 2019 prize have been rewarded on January 16, 2019 in London during the BAFT Europe Bank-to-Bank Forum. “For us this award means recognition of the global financial community. Year … Continued

  • Press release

    In light of recent media reports alleging some negotiations on the sale of Alfa Group’s banking assets in the Russian Federation, we declare that this information bears no relation to reality. We categorically deny these rumors and the fact of any negotiations. No discussions of the kind have been or are being conducted with the … Continued

  • Alfa-Bank announces the appointment of the head of its Corporate and Investment Business

    Starting November, Andrei Chulak will head Alfa-Bank’s CIB unit. He will be responsible for the development of investment business and relations with major corporations. Vladimir Verkhoshinskiy, Chief Executive Officer of Alfa-Bank: “The corporate and investment business is a key business for Alfa-Bank. I am glad that Andrei will join our team as head of CIB. … Continued