Russia banks

Alfa-Banking Group

Alfa-Banking Group is one of Russia’s largest privately owned banking groups in terms of equity, assets, branches, retail deposits and funds under management.

Founded in 1990, Alfa-Banking Group offers a wide range of products and operates in all sectors of the financial market, including corporate and retail lending, deposits, payment and account services, foreign exchange operations, cash handling services, custody services, investment banking and other ancillary services to corporate and retail customers.

The corporate and retail client base has grown considerably during the last several years — by September 30, 2008 Alfa-Banking Group served about 51 000 corporate and 2.9 million retail customers, while the branch network has been extended to 338 offices across Russia and abroad.

In addition to banking, Alfa-Banking Group has FSA, CySEC and FINRA-regulated brokerage subsidiaries, and other companies located in Cyprus, London and New York.

During the first six months of 2008 Alfa-Banking Group demonstrated significant growth of its total assets to USD 28.9 billion, up 27.3% from USD 22.7 billion at the end of 2007. Net profit after tax grew an unprecedented 129.5% to USD 265.3 million, up from USD 115.6 at June 30, 2007, driven largely by growth in core banking revenues combined with effective cost control. Net interest income increased by 69.5% to $ 659.4 million from USD 389.0 as at June 30, 2007, while net commission income grew by 70.0% to $ 186.2 million from USD 109.5 as at June 30, 2007. At the same time, Alfa-Banking Group’s investment in technology and focus on cost control have been the main drivers of a significant reduction in the cost-to-income ratio to 49.7%, compared to 55.5% at the end of 2007. The Group’s gross loan portfolio grew to USD 20.2 billion at June 30, 2008, a 31.2% increase compared to USD 15.4 billion at December 31, 2007. The corporate loan portfolio rose by 31.1% to USD 17.7 billion, while loans to retail clients increased by 31.6% to USD 2.5 billion at June 30, 2008.

Despite the difficulties on the market, Alfa-Banking Group raised USD 400 million in June 2008 under its Euro Medium Term Note Programme , while in July 2008 Alfa-Banking Group closed a syndicated loan in the amount of USD 315 million. In July 2008, Alfa-Banking Group repaid a syndicated loan in the amount of USD 452.1 million and Medium Term Notes of USD 250 million. Currently Alfa-Banking Group has a total of USD 435.7 million syndicated loans due in November and December 2008 and other regular repayments under its Diversified Payments Rights and other Programmes totalling USD 138.6 million due by year-end. Alfa-Banking Group aims to constantly maintain a significant cash buffer, and repayment of these maturing liabilities is expected to be financed from organic cash flows.

In June 2008 Alfa-Banking Group’s shareholders contributed USD 250 million to a share capital increase in order to support the rapid growth of the Group which took place in the first half of the year. By June 30, 2008, total equity of Alfa-Banking Group amounted to USD 2.4 billion, a net increase of USD 535 million compared to December 31, 2007.

In 2008 Alfa-Banking Group continued its development as a universal bank with the following core business lines: corporate banking (including SME), investment banking and retail banking (including branch banking, consumer finance, auto and mortgage lending). The Alfa-Banking Group’s business model is focused on a rapid organic growth strategy, geographical expansion, further integration of business units and retaining highly-qualified staff. In 2008 Alfa-Bank proved once again its leading position in the banking sector of Russia by winning numerous awards — among which are Best Domestic Bank 2008 by Global Finance, best bank in the «Customer Impressions of Retail Banking in Russia» research by PricewaterhouseCoopers and Senteo and National «Super Brand of the Year» by Superbrands International.
 

Media and PR
Head of International Media & PR
Maria Trubnikova
Tel.    + 7 495 785-96-50
Fax    +7 495 788-69-81
mtrubnikova@alfabank.ru
  
Investor Relations Contact
Head Investor Relations
Svetlana Demyashkevich
Tel.    +7 495 795-36-41
Fax    +7 495 786-48-72
IR@alfabank.ru

Financial Institutions
Tel.    +7 495 929-91-88
Fax    +7 495 792-58-43
mtopper@alfabank.ru

Corporate Head Office
27 Kalanchevskaya Street
Moscow 107078
Russian Federation
Tel.    +7 495 620-91-91
974-25-15
Telex    412089 ALFARU
SWIFT Code    ALFA RU MM
mail@alfabank.ru
 

» к списку