Alfa Bank Expert Speaks on Attracting Foreign Investors to the Ukrainian Corporate Bond Sector in London UK, March 10-11, 2004
11 Mar 2004
According to Peter Aven, President Alfa Bank "Ukraine, a country between Russia and the European Union, is indeed at a tipping point - and one that ought to be getting a lot more attention than it has. Favorable macroeconomic situation stimulates businesses. Stable exchange rate of the national currency and high liquidity in the banking sector fuel interest of potential investors to the 'market' issues denominated in UAH". The conference focused on current investor opportunities and assessment of the Ukrainian markets. It was organised by EuroForum International and was attended by representatives of CS First Boston, Dresdner Kleinwort Wasserstein, IMF, ING Bank Ukraine, JP Morgan, London Stock Exchange, Merill Lynch, Raiffeisen Bank Ukraine, Standard & Poor's, State Security and Stock Market Commission (Kiev), State Property Fund (Ukraine), Ukraine Ministry of Finance, World Bank, UBS Warburg. Alfa Bank (Ukraine) is a universal bank which employs both expertise and potential of the Russian bank and competence of a local operator in Ukrainian business. As of January 1, 2004, Alfa Bank's net assets reached UAH 562.969 mln, credit portfolio totalled UAH 371.543 mln, while its capital amounted to UAH 147.751 mln. Deposits of physical entities at Alfa Bank reached UAH 92.631 mln, while those of legal entities came to UAH 101.912 mln. Currently the bank serves nearly 5 thousand private customers; the number of its corporate clients increased by over 70% vs. the beginning of 2003. The formation of Alfa Bank's clientele is based on complex service of corporate clients of large and medium business. Particularly, the bank's largest customers are among the Top-100 companies of Ukraine, including OJSC Dniprospetsstal, Interpipe Group, CJSC Dontsksal, Nyzhniodniprovsky Pipe Rolling Pipe, CJSC Niko Tube, JSC Naftogaz Ukrainy, Trading House of Zhydachiv Paper Mill, Trading House of TNK-Ukraina, CJSC ARS, OJSC Mariupol Heavy Engineering Plant, JSC DANKO, JV Metalen Ltd., OJSC Nikopol Ferroalloy Plant, Industrial Union of Donbas Corporation, OJSC Azovstal, CJSC Kyivstar GSM, OJSC Agroexport, Energia Ltd., as well as the largest domestic insurance companies CJSC Ostra-Kyiv, ASKA, and Credo Classic. Alfa Bank (Ukraine) offers a wide range of investment services, including operations with shares, bonds, promissory notes and other securities, as well as those in corporate finance and consulting, thereby positioning itself as the leading investment bank in Ukraine. Alfa Bank ranks among the best managers of corporate bond issues and sales. In 2002-2004, the bank managed and successfully placed bonded loans of OJSC Halychpharm (pharmaceuticals), CJSC AVK (confectionery), JV Metalen Ltd. (metallurgy), CJSC Kyivstar GSM (telecommunication), Agroproduct Ltd. (grain trade), Regional Drugstore Holding Company (medicine distribution), CJSC Mandarin Plaza (construction), OJSC Molochnyk (dairy produce) and other enterprises engaged in different sectors of the economy. On the whole, the bank organized and placed bonded loans for a total of UAH 198.8 mln. "Attracting Foreign Investments in the Corporate Bond Sector. Practical Aspects"
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