Alfa Bank upgraded by Fitch Ratings to A (rus) National Long-term rating
18 Oct 2004

Fitch Ratings, the international rating agency, has today assigned the A (rus) National Long-term rating to Alfa Bank.

According to Fitch, "the National rating of Alfa Bank reflects its strong franchise and status as the largest privately-owned bank in Russia, the quality and experience of the bank's management and to date its reasonable asset quality".

Alfa Bank is rated Ba2 by Moody's and B by Standard & Poor's.

For more information please contact Fitch Ratings Moscow at tel. + 7 095 956-99-01 and visit www.fitchratings.com

Alfa-Bank Russia

Alfa-Banking Group includes Alfa-Bank Russia which is today one of the largest privately owned banks in Russia. It also includes Alfa-Bank Ukraine, one of the top-ten largest banks in Ukraine.  Alfa-Banking Group also comprises  banks in the Netherlands, in Belarus and in Kazakhstan as well as presence in Cyprus, the United States and the United Kingdom. The 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, trade finance and other ancillary services to corporate and retail customers.
 
Alfa-Bank Russia, founded in 1990, has developed rapidly to become one of Russia's largest privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance. In 2010, Alfa-Bank Russia had 364 branches over nine time zones in Russia, the Netherlands and the United Kingdom, also had presence in the United States and Cyprus.

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