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Alfa-Bank to Invest $ 125 Million in Retain Business in Russia, 2005 Profits up 11%
22 Feb 2006

Mikhail Fridman, Chairman of the Board of Directors of Alfa-Bank, Peter Aven, President, Rushan Khvesyuk, Chairman of the Executive Board and Viktor Bashkirov, Member of the Executive Board and Director of Retail Banking spoke on Alfa-Bank’s core business strategy at a news press conference in Moscow on Tuesday 21st of February.

«I am proud to say that Alfa-Bank now is part of the back-bone of Russia’s national banking sector — a high tech, efficient, reliable bank, capable of meeting the challenges of our competitive environment. Our leadership team, headed by an international executive board and management, will never settle for the less than the top standards accepted in the international banking community. We will remain a market leader in retail banking, technology, customer service and efficiency», — declared Fridman.

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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