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Petr Aven, Alfa-Bank President, and Top Executives from Russian and multinational corporations address the challenge of raising business standards in Russia
06 Jul 2006

Petr Aven, Alfa-Bank President, and Top business leaders from Russian and multinational corporations met in London in July 26 to review challenges to investment in Russia and to explore how responsible business practices can contribute to the country’s economic and social development.

Executives from Alfa-Bank, Interros, Russian Railways, UralSib, VISA International, Nestle, Burson-Marsteller, Shell and KPMG, among others, attended the Russian Business Summit, hosted by IBLF’s Russia Partnership for Responsible Business Practices, to share expertise on how companies in Russia can build their reputation internationally by insisting on transparency, good corporate governance and responsible business behaviour.

The summit concluded with a summary of the day’s discussions with the HRH The Prince of Wales at Clarence House.

Participants agreed that while there had been huge improvements in business standards in Russia over the last five years more had to be done to ensure that the current favourable investment climate in Russia be sustained.

The Russia Partnership for Responsible Business Practices was established by IBLF in 2004. Working closely with the senior management of its member companies, the Russia Partnership helps put in practice corporate strategies directed at the growth of the company, industry and society as a whole.

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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