News

  • Russian capitalists vie to reunite Soviet industrial monoliths: Ukrainian and Russian companies are rediscovering ties from the old Gosplan days

    Handsome, single, and extremely rich, Oleg Deripaska, 32, chairman of Russia's giant Siberian Aluminium Group, is described as “one of Europe's most eligible bachelors”. But last month, Mr Deripaska put together a marriage that could have profound implications for his country and Europe as a whole. His company bought an alumina-making plant in Ukraine, setting … Continued

  • Alfa-Bank and GEO magazine conduct a joint campaign

    From April 17 to August 10, 2000, Alfa-Bank and GEO magazine will conduct a joint promotion campaign. All clients that open a Visa or Eurocard/MasterCard account at Alfa-Bank and submit a special coupon will receive a free subscription of GEO. Alfa-Bank plastic cards will become a reliable and safe means of payment for those who subscribe to GEO and use their cards locally. One can subscribe for … Continued

  • The hybrid banker

    Alexander Knaster, the CEO of Russia's Alfa-Bank, is not waiting to see whether the newly elected Russian president will be a reformist. He's building the most successful bank in Russia. The election, on Mar. 26, of Vladimir Putin as president of Russia is likely to make the country more stable and enable the economy to … Continued

  • Moscow Virtuosi met success in Frankfurt

    Music lovers met the chamber orchestra with great interest. In the evening of April 16 in Alte Oper, the audience applauded seven encores. The program included works of Mozart, Shostakovich and Tchaikovsky. Famous businessmen attended the concert, including bankers of large financial institutions that have offices located in Frankfurt, a financial capital of the world. … Continued

  • Central Bank of the Russian Federation registers four Alfa-Bank regional branches

    Alfa-Bank Novosibirsk, a subsidiary of Alfa-Bank, was reorganized as a Novosibirsk branch. On April 6, 2000, Alfa-Bank Novosibirsk was removed from government’s credit institution list and then registered as a branch by the Central Bank. Siberian Bread Bank became Alfa-Bank Novosibirsk when Alfa-Bank purchased a stake in 1998. Within 1.5 years, 1,000 business accounts were … Continued

  • Tyumen Oil Company and Alfa-Bank issues gas cards

    The current project is a step forward in expanding and improving service at Tyumen Oil service stations. Currently, the company’s station network has more than 600 stations. After upgrading the Ryazan Oil Refinery, Tyumen Oil hopes to have 1,000 service stations by the middle of 2001. By using Alfa-Bank’s new card, companies can simplify accounting … Continued

  • Best domestic bank in Russia — Alfa-Bank

    The largest privately owned bank in Russia, Alfa-Bank has staged an impressive recovery from the 1998 crisis. The bank's capital net worth, which fell to $50m at the end of 1998, had risen to $200m by the end of last year. Much of this has been achieved through trading and brokerage operations, as a result … Continued

  • The state of the nation

    A Russian bank goes into administration, then the remaining money it owes disappears. But, as Andrew Jack reports, the surprise is that it made it through the bankruptcy court at all, reflecting a growing crisis in the country's banking system. Anyone trying to probe the depths of the continuing troubles in Russia's fledgling banking sector — … Continued

  • Headline: Russia — once again “the worst is over”

    The Russian economy has responded positively to Boris Yeltsin's retirement and to a commodity boom. Can the bullish mood last or will reform get bogged down and Vladimir Putin's “strong government” put a straitjacket on enterprise? And does finance minister Mikhail Kasyanov have the breadth of experience to control the economy? We also look at … Continued

  • Alfa-Bank is not indifferent to the problems facing Russian culture

    At the Golden Mask award ceremony on March 27, 2000, Alexander Kalyagin, Chairman of the Theater Representatives Union, stated that Alfa-Bank was honored the award for its numerous regional cultural programs. An important factor, according to the jury, was that money raised from concerts was used for charity including assistance to childrens’ homes, support for … Continued