Alfa-Bank
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(Redirected from Alfa Bank)
Not to be confused with Alpha Bank.
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| Type | open joint stock company |
|---|---|
| Industry | Banking Financial services Investment services |
| Founded | (1990) |
| Headquarters | Moscow, Russia |
| Number of locations | 364 offices in 7 countries[1] |
| Products | Consumer Banking Corporate Banking Investment Banking |
| Net income |  US$ 553 million (2010)[2] |
| Total assets | US$ 28.5 billion (2010)[2] |
| Total equity | US$ 3.1 billion (2010)[2] |
| Owner(s) | Mikhail Fridman, Pyotr Aven, German Khan |
| Employees | 15,463 (January, 2011)[1] |
| Website | AlfaBank.ru |
Alfa Bank OJSC, the corporate treasury of the Alfa Group, is the largest private commercial bank in Russia.[3] Headquartered in Moscow, it operates in seven countries, providing financial services to over 40,000 active corporate customers and 5.3 million retail clients.[4] Alfa Bank is particularly active in Russia and Ukraine, ranking among top 10 largest banks in terms of capital in both countries.[5][6] In the 2009 edition of the Top-1000 World Banks, a survey by The Banker magazine, Alfa Bank was placed 270th.[7]
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History [edit]
- 1990 – Alfa Bank founded as a partnership with limited liability
- 1991 – Licence to banking operations received from Central Bank of Russia and first corporate accounts open
- 1992 – Central Bank grants more licences for broader activities; Alfa Bank opens first nostro accounts in six foreign banks; first retail branch opens in Moscow
- 1993 – Alfa Bank becomes a member of Moscow Interbank Currency Exchange; general licence to banking operations received from Central Bank; Alfa Bank starts dealing in government bonds (GKOs and OFZs);
- 1994 – Alfa Bank becomes a member of MasterCard/Europay international credit card system and joins the Society for Worldwide Interbank Financial Telecommunication; Pyotr Aven appointed as bank's President; Alfa Bank becomes the first Russian bank to open a subsidiary in Almaty, Kazakhstan
- 1995 – Euromoney ranks Alfa Bank third in its category for "Best Russian Banks in 1995"; Alfa Bank joins Factors Chain International; representative office opens in London, United Kingdom
- 1996 – Alfa Bank joins Euroclear and Visa International; becomes one of the three participants in the first Eurobonds issue by Russian government since October Revolution; opens branch in Nizhniy Novgorod
- 1997 – Alfa Bank draws $40 million syndicated loan; Euromoney declares Alfa Bank "The Best Bank in Russia in 1997"; first credit ratings received from Moody's and Standard & Poor's (S&P); Alfa Bank places the first issue of $175 million, 3-year Eurobonds, becoming the first privately owned Russian bank to issue Eurobonds; branches in Saint Petersburg and Samara open; the value of total assets passes $1 billion
- 1998 – Alfa-Bank is reorganized from limited liability company into open joint stock company; Euromoney ranks Alfa Bank The Best Bank in Russia for the second straight year; Alfa Bank merges with Alfa Capital, then a sister company of Alfa Group; subsidiary bank opens in Novosibirsk, Russia's third most populous city
- 1999 – Euromoney and Global Finance name Alfa Bank "The Best Russian Bank" despite the financial crisis; 14 new retail branches and offices open across Russia
- 2000 – Alfa Bank acquires a 76% stake in Kyivinvestbank (later renamed "Alfa Bank Ukraine"); The Banker and Global Finance magazine name it "The Best Russian Bank"; Alfa Securities, a broker and a subsidiary, opens in London
- 2001 – by the end of first quarter, loan portfolio reaches $1 billion; Alfa Bank opens a subsidiary in New York City, Alfa Capital Markets, a NASD (now Financial Industry Regulatory Authority (FINRA)) regulated company set up to provide brokerage and investment services in North and South America; Emerging Markets Investor and Global Finance name it "Best Bank in Russia"; Alfa Bank becomes 100 percent owner of Amsterdam Trade Bank N.V. and thereby acquires a full banking licence in the European Union
- 2002 – Gazprom and Alfa Bank reach an agreement on strategic partnership; together with Merrill Lynch Alfa Bank wins financial consulting contract from Unified Energy System; Fitch and S&P upgrade their credit rating on Alfa Bank; once again Global Finance magazine declares Alfa Bank "The Best Russian Bank"
- 2003 – unaudited financial statements reveal record high growth in profits in 2002 (loan portfolio increased 70% to $1.4 billion, assets surged 51%, while net income rose by more than a third); Alfa Bank, in partnership with the Lauder Institute of the Wharton School of Business, establishes a new award for "Excellence in Foreign Investment", which would be presented to foreign companies operating in Russia for weighty contribution to the corporate governance and successful business operations; Alfa Bank draws $82 million unsecured syndicated loan, the biggest on record among private banks; S&P, Fitch and Moody's upgrade Alfa Bank's rating during the year
- 2004 – Alfa Bank tops the list of financial consultants by deals value, completing $8.9 billion worth of transactions in 2003; Bank's loan portfolio grows by 52% y-o-y, reaching $2.8 billion
- 2005 – Interbrand ranks Alfa Bank "9th strongest brand" in Russia; Mikhail Fridman becomes the member of the Public Chamber of Russia; Alfa Bank issues $225 million of subbordinated unsecured Eurobonds; S&P, Fitch, and Moody's upgrade Alfa Bank's rating during the year
- 2006 – Alfa Bank completes the country’s first securitisation of diversified payment rights with a $350 million deal; unaudited first quarter management International Financial Reporting Standards figures show total assets breaking the $10 billion mark for the first time in company's history
- 2007 - In connection with the closure of Sodbiznesbank, 2004 Alfa Bank is searched by Russian police in September;[10] Fitch upgrades Alfa Bank's rating[11]
- 2008 - Alfa Bank seeks $400 million government loan in October;[12] Alfa Bank deploys 20.000 Aladdin eToken USB smartcard devices to its online customers;[13] acquires Severnaya Kazna, a major regional bank operating in the Urals region[14]
- 2009 - Fitch downgrades Alfa Bank's rating[15]
- 2010 - Alfa Bank launches a $1 billion 7-year Eurobond[16]
- 2011 - Alfa Bank wants to buy Bank of Moscow[17]
- 2012 - In cooperation with Euroset, Alfa Bank launches a loyalty card credit programme.[18]
See also [edit]
References [edit]
- ^ a b "Fact Sheet". Alfa Bank. Retrieved 2011-03-19.
- ^ a b c ABH Financial Limited (31 December 2010). "International Financial Reporting Standards. Consolidated Financial Statements and Independent Auditor’s Report". alfabank.com. ABH Financial Limited. Retrieved 13 April 2011.
- ^ "Russian Banks: In the shadow of giants". The Economist (The Economist Newspaper Limited) 398 (8721): 71. 19 – 25 February 2011.
- ^ "Corporate Profile". Alfa Bank. Retrieved 2011-03-20.
- ^ http://www.bank.gov.ua/Bank_supervision/Finance_b/2011/01012011.xls
- ^ http://www.profile.ru/admin/spaw2/uploads/images/Top200_1.jpg
- ^ http://eng.spb-venchur.ru/news/2221.htm
- ^ "Bank's History" (in Russian). Alfa Bank. Retrieved 2011-03-20.
- ^ Alfa Bank (31 December 1998). "Alfa Bank Annual Report 1998". alfabank.com. Alfa Bank. Retrieved 21 March 2011.
- ^ Hannah Gardner and Torrey Clark (6 September 2007). "Russian Police Search Alfa Bank, Seize Documents (Update2)". Bloomberg. Retrieved 2 May 2012.
- ^ "Fitch Upgrades Russia's Alfa Bank to 'BB’; Outlook Stable". CbondS Financial Information. 11 December 2007. Retrieved 2 May 2012.
- ^ Nataliya Vasilyeva (31 October 2008). "Russia's Alfa Bank asks $400 million from state". USA Today. Retrieved 2 May 2012.
- ^ "Russian Bank Secures Online Banking With Aladdin Authentication". IT Business Net. 15 December 2008. Retrieved 2 May 2012.
- ^ http://alfabank.com/investor/sk-integration/ Severnaya Kazna integration
- ^ "Fitch Downgrades Russia’s MDM and Alfa; Other Banks on Negative Outlook". CbondS Financial Information. 27 March 2009. Retrieved 2 May 2012.
- ^ "Russia Alfa-Bank launches $1 bln Eurobond-sources". Reuters. 17 September 2010. Retrieved 2 May 2012.
- ^ "Alfa Bank Eyes Bank of Moscow Stake - report". Reuters. 24 January 2011. Retrieved 2 May 2012.
- ^ "Euroset, Alfa Bank Launch Loyalty Card Credit Programme". Telecom Paper. 14 March 2012. Retrieved 2 May 2012.
