News

  • Bank error

    Russia's corrupt and unreformed banks are ensuring that the country's economy deserves the same adjectives EVERYBODY agrees, but nobody acts. That familiar theme from Russian literature echoes through the tragi-comedy of the country's crippled and poorly supervised banking system, which consists largely of grandly named but tiny outfits that conduct murky treasury operations for their … Continued

  • Alfa-Bank’s Chairman of the Board Mikhail Fridman and President Pyotr Aven participate in the IMF and World Bank forum in Prague

    Leszek Balcerowicz, a well-known Polish economist and a member of the Polish parliament, and Nicholas Stern, the chief economist of the World Bank Group, and Vita Terauda, the executive director of the Soros Foundation in Latvia, also spoke at the seminar. Many visible social and political figures, well-known European economists participated in the seminar. At … Continued

  • Alfa-Bank opens a new branch in Moscow

    The branch provides retail and corporate clients traditional Alfa-Bank services such as cash management services, international payments, currency exchange, CD accounts, and 24-hour ATM access. Alfa-Bank continues to expand its branch network in Moscow since the project began in the beginning of 1999. By the year’s end 30 branches will be operating throughout Moscow.

  • DeBeers trusts Alfa-Bank

    Alfa-Bank and its subsidiary Alfa Schit provided security, transport, and storage of the jewels for the contest in depository safe boxes. DeBeers appreciated Alfa-Bank’s guaranteed security services. DeBeers and Harpers’s Bazaar conducted an award ceremony under the name “58 cut jewels” at Baltschug Kempinski in the evening of September 21. Prizes were awarded to the … Continued

  • Alfa-Bank signed an ageement to cooperate with authorities of the Primorsky Krai

    The agreement was signed during a visit of Alfa-Bank’s top management in Vladivostok. On September 22 a presentation on the bank’s work in the region took place. Regional and local authorities officials, business leaders attended. Within one year since the opening of the branch, more than 500 companies became partners of Alfa-Bank. Applying state-of-the-art technology … Continued

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

    The Banker selected banks for each country based on financial results, applied technologies, and achievements that differentiate it from compeitors. Full information on all countries surveyed is provided in September’s issue of The Banker.

  • Saint Petersburg festival of Golden Mask winners supported by Alfa-Bank to take place September 17-22

    The festival opened with an evening that benefited student actors of the Saint Petersburg State Academy of Theater. George Taratorkin and Konstantin Raikin, masters of Russian theater, participated. Raised funds will be used to create two student scholarships, which will be paid using Alfa-Bank plastic card accounts. The Minister of Culture Mikhail Shvydkoy, giving an … Continued

  • Alfa Secures Russian connection to London: Moscow Bank hopes to open a bridge for Western investors

    MANY of the world's financial institutions have colourful histories, but few can have started out as window-cleaning contractors. Alfa Group, one of the most important trading and commodities companies in Russia, started life as precisely that but now owns Alfa-Bank, the fourth-largest in its home market and which in June received permission to trade in … Continued

  • Alfa-Bank’s subsidiary Alfa Securities conducts a presentation in London

    In the evening of September 14, close to 200 people attended the presentation including bank and fund managers interested in doing business in Russia, clients and potential partners of Alfa Securities. Gregory Karasin, Russian Ambassador of Great Britain, and Andrew Wood, former British ambassador of Russia, attended the presentation. The presentation drew interest among the … Continued

  • Nikolai Shmigol is appointed Managing Director of Alfa-Bank and Director of Banking Operations

    The new division will perfect the client business system according to western banking standards. Expanding the client base, increasing the quality of service, and simplifying coordination of banking departments are the goals of the new division. These goals are intended to be obtained thanks to the high level of atomization of Alfa-Bank’s operations developed with … Continued