Alfa Bank Enters The Banker’s Top 1,000 World Banks Rankings
01 Jul 2002
The Banker's widely-followed rankings are based on Tier One Capital as defined by Basel's Bank for International Settlements.
By this yardstick, Alfa Bank with Tier One Capital of US $229 million is ranked 9th in Russia and 15th in Central and Eastern Europe.
Alfa Bank is the largest private bank in Russia with assets of US $2.7 billion and shareholder equity of US $278 million. The Bank reported record profits in 2001 of US $85 million.
Alfa Bank provides a full range of banking services - commercial banking, investment banking, asset management, trade finance and insurance. The Bank is currently rated B1 by Moody's, B with positive outlook by Fitch and CCC+ with positive outlook by S&P.
Founded in 1990, Alfa Bank has more than 80 branches across Russia and fully licensed banking subsidiaries in Ukraine, Kazakhstan, and the Netherlands. The Bank's fast growing brokerage business has a FSA authorised arm in London and a NASD registered Broker-Dealer in New York. Inside Russia, Alfa Bank is a leader in mergers and acquisitions and debt capital markets, and one of the biggest issuers of banking cards. The Bank also runs the country's largest mutual fund.
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