Alfa-Bank

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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]
Website AlfaBank.ru
Alfa Bank advertising

Alfa Bank JSC, the corporate treasury of the Alfa Group, is the largest private commercial bank in Russia.[3] It was founded by Russian businessman Mikhail Fridman, who is still the controlling owner today. It is 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][7] In the 2009 edition of the Top-1000 World Banks, a survey by The Banker magazine, Alfa Bank was placed 270th.[8]

History[edit]

Timeline:[9][10]

Alfa-Bank branch in Odessa, Ukraine (2012)
  • 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;[11] Fitch upgrades Alfa Bank's rating[12]
  • 2008 - Alfa Bank seeks $400 million government loan in October;[13] Alfa Bank deploys 20.000 Aladdin eToken USB smartcard devices to its online customers;[14] acquires Severnaya Kazna, a major regional bank operating in the Urals region[15]
  • 2009 - Fitch downgrades Alfa Bank's rating[16]
  • 2010 - Alfa Bank launches a $1 billion 7-year Eurobond[17]
  • 2011 - Alfa Bank wants to buy Bank of Moscow[18]
  • 2012 - In cooperation with Euroset, Alfa Bank launches a loyalty card credit programme.[19]

See also[edit]

References[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). alfabank.com. 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. ^ http://www.bank.gov.ua/Bank_supervision/Finance_b/2011/01012011.xls
  6. ^ http://www.profile.ru/admin/spaw2/uploads/images/Top200_1.jpg
  7. ^ Merge and Acquire, The Ukrainian Week (9 October 2015)
  8. ^ http://eng.spb-venchur.ru/news/2221.htm
  9. ^ "Bank's History" (in Russian). Alfa Bank. Retrieved 2011-03-20. 
  10. ^ Bank, Alfa (31 December 1998). "Alfa Bank Annual Report 1998" (PDF). alfabank.com. Alfa Bank. Retrieved 21 March 2011. 
  11. ^ Hannah Gardner and Torrey Clark (6 September 2007). "Russian Police Search Alfa Bank, Seize Documents (Update2)". Bloomberg L.P. Retrieved 2 May 2012. 
  12. ^ "Fitch Upgrades Russia's Alfa Bank to 'BB'; Outlook Stable". CbondS Financial Information. 11 December 2007. Retrieved 2 May 2012. 
  13. ^ Vasilyeva, Nataliya (31 October 2008). "Russia's Alfa Bank asks $400 million from state". USA Today. Retrieved 2 May 2012. 
  14. ^ "Russian Bank Secures Online Banking With Aladdin Authentication". IT Business Net. 15 December 2008. Retrieved 2 May 2012. 
  15. ^ http://alfabank.com/investor/sk-integration/ Severnaya Kazna integration
  16. ^ "Fitch Downgrades Russia's MDM and Alfa; Other Banks on Negative Outlook". CbondS Financial Information. 27 March 2009. Retrieved 2 May 2012. 
  17. ^ "Russia Alfa-Bank launches $1 bln Eurobond-sources". Reuters. 17 September 2010. Retrieved 2 May 2012. 
  18. ^ "Alfa Bank Eyes Bank of Moscow Stake - report". Reuters. 24 January 2011. Retrieved 2 May 2012. 
  19. ^ "Euroset, Alfa Bank Launch Loyalty Card Credit Programme". Telecom Paper. 14 March 2012. Retrieved 2 May 2012. 

External links[edit]