Alfa-Bank affirms its credibility in the current liquidity-related challenging market conditions Foreign loan for Alfa-Bank
08 Nov 2007

On 5 November 2007, Alfa-Bank signed a 1-year term Club Loan Facility for US $307 million. Alfa-Bank is the first private bank in Russia to raise foreign credit facilities in the current challenging liquidity-related market environment that has gripped most of the global banking community.

Alfa-Bank has self arranged the loan, making this Club transaction a unique event.

There were 21 banks involved in this Facility, including:

— Alfa-Bank
— BNP Paribas
— Commerzbank
— First Gulf Bank
— Fortis
— HSBC
— ICICI Bank Limited
— ING Bank
— Mashreqbank
— National Bank of Greece
— Sumitomo Mitsui Banking Corporation Europe Limited
— Wachovia
The loan interest rate is 60 basis points above LIBOR.

This is the twelfth syndicated loan in a row drawn by Alfa-Bank in the international financial markets.

“It is especially pleasant to note that the loan, despite the difficult global liquidity situation, was larger than last year’s Club facility of US $220 million,” — said Maxim Topper, Managing Director, Head of International Banking and Financial Institutions at Alfa-Bank.

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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