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Petr Aven elected Chairman of the Board of Directors of Alfa-Bank (Russia)

September 26, 2018. TAG: Financial Services

Petr Aven has been elected Chairman of the Board of Directors of Alfa-Bank. The decision was made at a meeting of Alfa-Bank’s Board of Directors on September 26, 2018.

The members of the Board of Directors, which was re-elected at an extraordinary meeting of the Bank’s shareholders on September 18, are: Petr Aven, Andrew Baxter, Vladimir Verkhoshinskiy, Andrey Kosogov, Artem Leontev, Alexey Marey, Oleg Sysuev, Mikhail Fridman and Oskar Hartmann.
Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, leasing, factoring and trade finance.

Alfa-Banking Group became the largest private bank in Russia in terms of total assets, total equity, deposit and loan portfolios.

According IFRS financial statements for 1H2018 year, the Alfa Banking Group, which comprises ABH Financial, Joint Stock Company «ALFA-BANK» as well as its subsidiary financial companies, had total assets of USD 45.1 bn, gross loans of USD 29.5 bn, and total equity of USD 7.1 bn. Net profit after tax for 1H2018 amounted to USD 658 mln.

As of June 30, 2018 Alfa-Bank serves more than 507,000 corporate and 15.8 mln retail customers, while the branch network consists of 774 offices in Moscow, across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United Kingdom and Cyprus.

Alfa-Bank (Russia)

ABH Holdings S.A. (ABHH) is a privately owned Luxembourg-based investment holding company investing into several banking groups in the CIS and Europe. ABHH includes Alfa-Bank (Russia), Alfa-Bank (Ukraine), Ukrsotsbank (Ukraine), Alfa-Bank (Belarus), Alfa-Bank (Kazakhstan) and Amsterdam Trade Bank N.V.

Alfa-Bank (Russia), founded in 1990, has developed rapidly to become one of Russia's leading privately owned banks. It provides a full range of banking services — corporate banking, retail banking, investment banking, asset management and trade finance.