News

  • 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 became official shareholders of Kievinvestbank, while Ukrainian Financial group and Primconsulting were withdrawn from the list Shareholders also pressed management to come up with a business plan for the near future.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