Alfa Bank rated highest in corporate reputation among all Russian banks
09 Mar 2004

The report notes "Alfa Bank's excellent reputation is directly related to how it was able to pull itself through the 1998 crisis, [and] how it regulated debt. Using Western standards and having foreign shareholders and foreign specialists with Russian experience are also crucial."

Alfa Bank Chairman Mikhail Fridman commented, "The management and employees of Alfa Bank consider our reputation as an open and honest bank to be our greatest strength. We have worked hard for many years to earn this reputation, and we are grateful that the Expert Study Group has recognized this effort. We will continue to progress in this area and we intend to be a leader on issues of corporate reputation and governance in the Russian banking system."

The Expert Study was conducted by a team of recognized economists and social scientists and focuses on "corporate reputation as perceived by investors, creditors, and business partners."

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 representative offices in Cyprus, the United States and in 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. The Bank has 326 branches over nine time zones in Russia, and the Netherlands and subsidiaries in the United Kingdom, the United States and Cyprus.

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