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June 28, 2002
ABH Holdings S.A.

Alfa Bank upgraded by Fitch to B with Positive Outlook

"The ratings upgrade reflects the growth in Alfa Bank's core earnings and an improvement in their quality, its rapid retail deposit growth and the favourable economic environment," Fitch said. "The Positive Outlook reflects Fitch's opinion that the Bank will continue to move closer to its...

TAG: Financial Services

June 12, 2002
ABH Holdings S.A.

Alfa Bank President Peter Aven tells House of Lords Committee Globalisation is Good for Russia

"Russia needs more big multinationals," Aven said. "They bring competition and choice and open up new sectors and create conditions for development." Aven was talking to the Lords' Economic Affairs Committee as the first Russian businessman invited to give evidence to its Globalisation Inquiry....

TAG: Financial Services

June 11, 2002
ABH Holdings S.A.

Russia’s Alfa Bank denies it is planning to sell a stake to Citigroup

"The story on the front page of today's Kommersant newspaper giving details of a supposed deal for the sale of part of the equity of Alfa Bank to Citigroup is not true and has no substance whatsoever," Alfa Bank said in a statement. "Alfa Bank is not in negotiation for the sale of the Bank or...

TAG: Financial Services

June 03, 2002
ABH Holdings S.A.

Alfa Bank and the U.S. Overseas Private Investment Corporation Sign Memorandum on Cooperation to promote Investment in Russia

The agreement, signed in New York on Tuesday by Alfa Bank's President Peter Aven and OPIC President Peter Watson, was the first of its kind between a Russian private institution and an American government organization in the history of new Russia. The Overseas Private Investment Corporation is...

TAG: Financial Services