News

  • Alfa-Bank repays Eurobonds after crisis

    Alfa-Bank, one of Russia's largest commercial banks, said yesterday it had repaid its outstanding Eurobonds, making it the country's first corporate issuer to fully honour its obligations following the financial crisis of August 1998.Alex Knaster, chief executive of Alfa, said: “This is a really important moment for us. Everyone else has defaulted. Our philosophy is … Continued

  • Alfa-Bank plans to obtain a syndicated loan in 2000

    MOSCOW — Russia's Alfa-Bank said it is planning a syndicated loan later this year and will tap international capital markets with a Eurobond Issue in the first half of 2001. The bank paid off a maturing $193 million (EUR208.9 million) Eurobond Friday. The payment was particularly important, Alfa-Bank Chief Executive Alex Knaster said. It distinguishes the … Continued

  • Russia's Alfa-Bank repays Eurobond

    Alfa-Bank, Russia's largest privately-owned bank, confirmed on Monday that it had fully repaid on schedule a three-year $175m eurobond maturing on July 28. The bank also reported that it plans to enter western capital markets “in the near term” with a syndicated loan later this year followed by a Eurobond issue in the first half … Continued

  • Alfa-Bank repays its Eurobonds in full and on time

    Alfa-Bank’s CEO Alex Knaster said, “We are pleased to be the first Russian corporate issuer to fully honour its obligations to Eurobond holders. It is even more important as Alfa-Bank was the only Russian bank, which did not default on its Eurobonds. We believe our commitment to our investors and depositors will continue to be … Continued

  • Central & Eastern Europe Awards

    Russia Best Domestic Bank: Moscow Business World Bank Highly Commended: Alfa-Bank Best Foreign Bank: Citibank Highly Commended: RZB Best Domestic Securities House: Troika Dialog Highly Commended: Renaissance Capital Best Foreign Securities House: Brunswick Warburg Moscow Business World Bank (Moskovsky Delovoy Mir) is often unfairly described as a one-man show. True, chairman Andrei Melnichencko has been … Continued

  • Alfa-Bank sponsors the Russian team for the expedition race

    For the first time in history, a Russian team, which is from Saint Petersburg, will participate in Sabah 2000 in the “Eco-Challenge” Championships. Alfa-Bank is sponsoring the team, which consists of experienced and well-trained athletes. Captain – Mikhail Antonov – 38 years – versatile athlete. Experienced mountain climber, cyclist, and diver. Alexander Bolotov – 36 … Continued

  • Fitch raised Alfa-Bank’s long-term rating

    According to Fitch, the upgrade reflects their expectation of full payment of the outstanding Eurobonds by or on its date and the overall improvement in the bank’s financial position according to its 1999 IAS results. The committee of Fitch has assigned a positive outlook to Alfa-Bank’s new Long-term rating.

  • Authorities attract Alfa-Bank to participate in implementing an agreement between the Irkutsk and Saratov regions

    The signed agreement will strengthen ties between the two regions. The document outlines the areas of cooperation, developing relations among the two regions. The agreement provides a basis from which other agreements will build. Cooperation promises to bring prosperity to both regions. The Irkutsk region hopes to receive high quality wheat, machine building products, and … Continued

  • Shareholders of Kievinvestbank confirm a resolution to increase its charter capital

    After emitting the issue Kievinvestbank’s charter capital will be UGR73 million. A-Holding and Alfa Capital Holding Ltd. became official shareholders of Kievinvestbank, while Ukrainian Financial group and Primconsulting were withdrawn from the list Shareholders also pressed management to come up with a business plan for the near future.

  • Alfa-Bank creates a separate division for trade and project finance

    The new division provides and honors letters of credit and guarantees for international trade operations. Alfa-Bank cooperates with international banks, investment funds, and export insurance companies, including insurance companies such as Hermes (Germany), MITI (Japan), EGAP (Czech Republic), CID (Slovenia), KUKE (Poland), MEHIB (Hungary), and BAEZ (Bulgaria). Eximbank (United States) also confirmed its intention to … Continued