Alfa Bank - Lauder Institute Award for Excellence in Foreign Investment in Russia
21 May 2004

In announcing the Award, Alfa Bank Chairman Mikhail Fridman noted : "Few companies have come so far in such a short period of time in this market as Nestlй. Nine years ago, Nestlй opened a small import business in Moscow. Since then, they have come to dominate key consumer markets in the areas of chocolate, instant coffee, ice cream and infant nutrition. Whereas their initial market position was as an importer, Nestlй is now a leading food producer with twelve production facilities in Russia and employing over 5,500 people." "The Award was envisioned to recognize precisely this type of investment, not only in terms of market position, but also in terms of generating local employment and developing local expertise and management in Russia. In this regard, no one has done better in the Russian market than Nestlй and we are proud to present the 2004 Award to this outstanding company." The Award will be presented at a special ceremony conducted under the Patronage of the Ministry of Foreign Affairs of Russia, held in conjunction with the Wharton Global Alumni Forum in Moscow on May 21, 2004. Mr. Lars Olofsson, Nestlй Executive Vice President for the European Zone will accept the Award. The 2003 Award for Excellence in Foreign Investment in Russia was presented to Procter & Gamble.

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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