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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-Bank, 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. The Bank has 229 branches over nine time zones in Russia, Kazakhstan and the Netherlands and subsidiaries in the United Kingdom and the United States.


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