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
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 became official shareholders of Kievinvestbank, while Ukrainian Financial group and Primconsulting were withdrawn from the list Shareholders also pressed management to come up with a business plan for the near future.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
Alfa-Bank specializes in precious metals
By the end of May the division was actively engaged in operations involving precious metals and in June sold close to 4 tons of gold and 30 tons of silver. Alfa-Bank bought precious metals from prospectors and on the inter-bank market. Alfa-Bank currently works with various gold mining companies located in Magadana, Yakutia, Irkutsk region, … Continued
Alfa-Bank lends to companies in the Irkutsk region
The Irkutsk Branch of Alfa-Bank established in March 1999 will extend credit to these companies. Clients of the branch include the largest companies of the region such as Baikal Cellulose Paper Plant, Irkutskkabel, Agrodorspetstroy, and Kedr.
Alfa-Bank lends to companies in Russiaфs regions
In addition, Alfa-Bank decided to open a credit line to Pervouralsky New Pipe Plant for 12 months. The credit limit will be RUR50 million. The Ekaterinburg branch will open the line to the plant. Alexander Lukanov, Deputy Chairman of the Executive Board, commenting said, хLending to medium and large manufacturing companies is one of the … Continued
Alfa expands in hope of Russian revival
In a clear indication of its global ambitions, Russia's Alfa-Bank has received full FSA accreditation for its UK subsidiary, Alfa Securities. It is the bank's first license outside the CIS and is ? precursor to the addition of a New York license some time next year. Pyotr Aven, president of the bank, says that Alfa … Continued
Propaganda and Dreams exhibition opens in Moscow, photos of the US and USSR from the 1930s Alfa-Bank sponsors the exhibition
The “Propaganda and Dreams” Exhibition Opens in Moscow, Photographs of the US and USSR from the 1930s. Alfa-Bank Sponsors the Exhibition The exhibition was on display in Washington D.C. at the Corcoran Gallery of Art from June to October of 1999 and in New York at the International Center of Photography from November 1999 to … Continued