News

  • Alfa-Bank in association with Amway, one of the world’s largest companies, presents a new partnership program for Amway Independent Business Owners

    Alfa-Bank announces the launch of a unique project — Alfa-Amway Program for Individual Business Owners and Corporates — Agents of Amway. The Alfa-Amway Program is a unique product aimed to build up loyalty of agent network of the producing companies using the technologies of direct sales and multi-level compensation marketing. The card makes it possible for the company to provide incentive to its agents in form of the bonuses used within the … Continued

  • Alfa-Bank Signs International Agreement with IBM

    Alfa-Bank and IBM (NYSE: IBM) signed a three-year contract under which Alfa-Bank and the Alfa Banking Group banks in Belarus, Kazakhstan and Ukraine can use IBM software based on International Software Licensing Agreement. The Agreement makes it possible to match the expenses for software licensing with the bank’s project portfolio dynamics. The Agreement covers such areas as collaboration systems, monitoring of applications, … Continued

  • Alfa-Bank announces financial results for 2013

    Alfa Banking Group, which includes Alfa-Bank and its subsidiaries, today reported audited IFRS financial results for the full year 2013. Net profit of the Alfa Banking Group for the period amounted to USD 900 million (2012 — USD 829 million) which is the highest reported annual profit in the history of Alfa Banking Group. Return on average equity constituted 20.1%. Total equity increased … Continued

  • Absolut Bank signed USD 90m Dual Tranche Syndicated Loan facility

    Absolut Bank signed USD 90m dual tranche syndicated term loan facility on March 20, 2014. OAO «ALFA-BANK», JSC VTB Bank, Sviaz-Bank and VTB Bank (Deutschland) AG acted as Initial Mandated Lead Arrangers and Bookrunners. Rosbank joined the deal as Mandated Lead Arranger and Commerzbank AG joined as Mandated Lead Arranger and the Facility Agent. The 1-year facility bearing an interest rate of LIBOR3M + … Continued

  • The long-term credit rating of Alfa Bank at ‘BB+’, outlook Stable

    On 25 March 2014, Standard & Poor’s affirmed the long-term credit rating of Alfa Bank at ‘BB+’, outlook Stable, despite the revised outlook on Russia’s sovereign rating to Negative. S&P raised the level of systemic importance of Alfa Bank to “high” and also appreciated the increased probability of government support to Alfa Bank in case … Continued

  • Alfa-Bank’s Small Business Segment Performance Results in 2013

    Alfa-Bank’s fee revenues at year-end 2013 in the small business segment grew by 45% to 58.2 mln US dollars, with monthly on-demand customer deposits, compared to the last year, grown by 41% to 852 mln US dollars. Number of the customers — small business companies and individual entrepreneurs (with revenues up to 150 mln rubles per annum) — exceeded 90 thousand, having grown by 57% over the year. In doing so, at year-end … Continued

  • Alfa-Bank Named Best Retail Bank and Customer Service Quality Leader

    In its 6-th Annual Awards Giving Ceremony held by The Retail Finance on 12 December in the category RETAIL FINANCE AWARDS Alfa-Bank was named Best Retail Bank and Customer Service Quality Leader. The awards are given by editors of The Retail Finance magazine based on their own vision and analysis of the retail financial market. In addition, the website of the magazine displays results of an open … Continued

  • Alfa-Bank Among Leaders of the Factoring Market by Performance Results in 2013

    Alfa-Bank’s factoring performance results in 2013: portfolio at year-end is 40.2 bn rubles, compared to 2012 it grew by 60%; assigned receivables turnover reached 231 bn rubles increasing by 41%; financing paid out to customers — 188 bn rubles, growth by 43%. «Alfa-Bank continues active development and rendering of factoring services to its customers in a variety of economy sectors, working with different level customers. According to the Association of Factors Alfa-Bank’s key figures in terms … Continued

  • Russian President Vladimir Putin Meets with Petr Aven, Chairman of the Board of Directors at Alfa Banking Group

    On 12 February 2014, Russian President Vladimir Putin held a meeting with Petr Aven, Chairman of the Board of Directors at Alfa Banking Group, at his residence in Novo-Ogarevo. Vladimir Putin and Petr Aven discussed situation in the banking sector and current performance of the bank. President asked about «health» of the bank in the current economic environment. Petr Aven said that the last year was … Continued

  • Alfa-Bank’s Retail Business Performance Results in 2013

    Alfa-Bank’s Retail Business in 2013 demonstrated high growth rates in all areas. The Bank’s Retail Business credit portfolio according to Management Accounting grew to 222.7 bn rubles, which is 42.8% more compared to similar period in the last year. Sizeable increase was marked in all consumer loan segments. For example, Alfa-Bank’s portfolio of credit cards grew by 82.7% to 56.3 bn rubles, while total growth gate of credit cards … Continued

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