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December 22, 2003
ABH Holdings S.A.

Richard Sobel a former ING Baring Executive appointed Chief Executive Officer of Alfa Private Equity Ltd., and affiliate of Alfa Bank, Russia

From 1994-1997 Mr. Sobel founded and ran Baring Asset Management"s $160 million First NIS Regional Fund, SICAF. While at Barings Sobel"s distinguished Russian investment track record includes investments he led in Vimpelcom, Golden Telecom, Borjomi, Burren Energy, Global Telesis and Alfa Cement...

TAG: Financial Services

December 17, 2003
ABH Holdings S.A.

S&P Rates Alfa Bank $200 Mil Commercial Paper Program ‘C’

At the same time, Standard & Poor's also assigned its 'ruA+' Russian national scale rating to Alfa Bank and to the bank's Russian ruble (RUR) 1 billion five-year senior unsecured bond issue due June 2007, issued by OOO ALFAFINANCE, a subsidiary company of Alfa Bank. The bond is fully...

TAG: Financial Services

December 11, 2003
ABH Holdings S.A.

Moody’s upgrades Alfa Bank’s ratings to D/Ba2

According to Moody's, the rating upgrade reflects: the bank's strengthening franchise through a well-planned expansion strategy, the international presence being a competitive strength improving financial performance gradually reducing customer concentrations on both sides of...

TAG: Financial Services

November 21, 2003
ABH Holdings S.A.

Alfa Bank and the FSB continue to take measures to combat financial crime

Today agents of the Federal Security Service (FSB) took away documents from Alfa Bank's central office (Moscow, Akademik Sakharov Prospekt 12), in the course of an investigation into the activities of several clients of Alfa Bank's branch in St Petersburg. In September 2003, the FSB...

TAG: Financial Services

November 20, 2003

"LINOS" has cut down the volume of harmful emissions into the atmosphere by more than 40%

Over nine months of 2003 Lisichansky refinery has decreased its harmful emissions into the atmosphere by 8441,1 tons. Compared to the same period in 2002 the level of emissions was reduced by almost 42%. As explained by Victor Ukhov, main specialist on environmental safety at "LINOS", the...

TAG: Oil & Gas