Alfa-Bank Issues 2005 Annual and Social Reports
20 Jul 2006
Alfa-Bank today has published its Annual and Social Reports for the fiscal year 2005, highlighting Alfa-Bank’s key achievements and strategic plans for the future.
The Annual Report consists of detailed information about Alfa-Banking Group (Alfa-Bank), which includes OJSC “Alfa-Bank” and its subsidiaries, its strategy, divisions, activities related to customers, employees and society.
Over the past 15 years, Alfa-Bank has grown into one of the largest privately owned banks in Russia. Alfa-Bank services 1.5 million individuals and 40,000 corporate clients. The Bank employs nearly 7,000 professionals in Russia, Ukraine, Kazakhstan, London, New York and Amsterdam. Our focus on putting our client’s interests first, combined with a highly professional international banking team has led to yet another excellent year for the Bank.
Petr Smida, CEO of Alfa-Bank writes in his letter: “2005 was another record year for Alfa-Bank. Our success has been made possible by choosing the right strategy and business model. Going forward, setting right priorities and focusing efforts on the most promising projects creates the foundation for the Bank’s fast growth in the future. Russia is developing swiftly and many of our clients are becoming full-fledged participants of global economic processes. We are proud that they turn to Alfa-Bank for the financial services.”
Alfa-Bank has a long history of supporting charities, Russian culture and creating programs for young talent. The Alfa-Bank Social Report contains information about our own Alfa Chance and Alfa Fellowship programs, and partnership with the Life Line Charity, WWF Russia and Trustee Board of the Bolshoi Theatre. In all these programs we rely on participation and support of Alfa-Bank employees, clients and partners.
The Annual and Social Reports, along with additional financial publications, corporate governance and Investor relations information can be found on our website at www.alfabank.com.
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