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April 17, 2002
ABH Holdings S.A.

Russia's Alfa Bank Makes Record US $85 Million Profits in 2001 and Announces US $56 Million Share Capital Injection

Assets at year-end totalled US $2.7 billion, compared to US $1.9 billion at the end of December 2000. Shareholder equity was US $278 million, up from US $125 million in 2000. In addition to the profit for the year, shareholders' equity was further strengthened by an equity injection of US $56.4...

TAG: Financial Services

April 16, 2002
Alfa Group Consortium

BP Increases its Shareholding in Sidanco

BP has agreed to pay $375 million for an additional 15 per cent of Sidanco, to take its interest to 25 per cent plus one share - a level of equity that matches its current voting rights. BP staff currently hold the posts of chairman of the board and president, as well as several other key...

TAG: Other

April 10, 2002
ABH Holdings S.A.

Global Finance names Alfa Bank Best Trade Finance Bank Russia 2002

Alfa Bank won the same award in 2001 and has also been voted Best Bank in Russia by Global Finance for four consecutive years. "As competition for international business steadily increases, trade financing is vital to the success of corporations everywhere. We've identified the traditional and...

TAG: Financial Services

March 22, 2002
Alfa Group Consortium

Russia mulls building Siberian fuel corridor to Pacific.

Moscow (Platts)-22Mar2002/848 am EST/1348 GMT Shareholders in Russia Petroleum which is planning to develop the huge natural gas reserves in the Irkutsk region of East Siberia will meet soon to discuss the possible construction of a pipeline to liquefaction plants at the Pacific port of...

TAG: Other