From Wikipedia, the free encyclopedia
Jump to: navigation, search
Not to be confused with Alpha Bank.
Alfa Bank JSC
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
Increase US$ 553 million (2010)[2]
Total assets Increase US$ 28.5 billion (2010)[2]
Total equity Increase US$ 3.1 billion (2010)[2]
Owner Mikhail Fridman, Pyotr Aven, German Khan
Number of employees
15,463 (January, 2011)[1]
Alfa Bank advertising

Alfa Bank JSC, 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]



  • 1991 – Licence to banking operations received from Central Bank of Russia and first corporate accounts open
  • 1999Euromoney 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
  • 2002Gazprom 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"
  • 2003unaudited 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
  • 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]


  1. ^ a b "Fact Sheet". Alfa Bank. Retrieved 2011-03-19. 
  2. ^ a b c ABH Financial Limited (31 December 2010). "International Financial Reporting Standards. Consolidated Financial Statements and Independent Auditor’s Report" (PDF). ABH Financial Limited. Retrieved 13 April 2011. 
  3. ^ "Russian Banks: In the shadow of giants". The Economist (The Economist Newspaper Limited) 398 (8721): 71. 19–25 February 2011. 
  4. ^ "Corporate Profile". Alfa Bank. Retrieved 2011-03-20. 
  5. ^
  6. ^
  7. ^
  8. ^ "Bank's History" (in Russian). Alfa Bank. Retrieved 2011-03-20. 
  9. ^ Alfa Bank (31 December 1998). "Alfa Bank Annual Report 1998" (PDF). Alfa Bank. Retrieved 21 March 2011. 
  10. ^ Hannah Gardner and Torrey Clark (6 September 2007). "Russian Police Search Alfa Bank, Seize Documents (Update2)". Bloomberg. Retrieved 2 May 2012. 
  11. ^ "Fitch Upgrades Russia's Alfa Bank to 'BB’; Outlook Stable". CbondS Financial Information. 11 December 2007. Retrieved 2 May 2012. 
  12. ^ Nataliya Vasilyeva (31 October 2008). "Russia's Alfa Bank asks $400 million from state". USA Today. Retrieved 2 May 2012. 
  13. ^ "Russian Bank Secures Online Banking With Aladdin Authentication". IT Business Net. 15 December 2008. Retrieved 2 May 2012. 
  14. ^ Severnaya Kazna integration
  15. ^ "Fitch Downgrades Russia’s MDM and Alfa; Other Banks on Negative Outlook". CbondS Financial Information. 27 March 2009. Retrieved 2 May 2012. 
  16. ^ "Russia Alfa-Bank launches $1 bln Eurobond-sources". Reuters. 17 September 2010. Retrieved 2 May 2012. 
  17. ^ "Alfa Bank Eyes Bank of Moscow Stake - report". Reuters. 24 January 2011. Retrieved 2 May 2012. 
  18. ^ "Euroset, Alfa Bank Launch Loyalty Card Credit Programme". Telecom Paper. 14 March 2012. Retrieved 2 May 2012. 

External links[edit]