Press Center inner-pic-00

All News

August 29, 2002
Alfa Group Consortium

Tyumen Oil Owners May Sell Stake By June 2003, Fridman Says

OAO Tyumen Oil Co.'s shareholders may offer a stake in Russia's No. 3 oil producer in the first half of next year, said Mikhail Fridman, chairman of AlfaGroup that owns half of Tyumen. Tyumen, which pumps enough oil to fuel France for half a year, this month chose a financial adviser for the...

TAG: Other

August 06, 2002

Golden Telecom Achieves Solid Growth And Profit

Golden Telecom, Inc. (NASDAQ:"GLDN") continued its double digit revenue growth and outstanding EBITDA growth , achieving a 16% year over year growth in revenue and a 124% year over year growth in EBITDA in the second quarter of 2002. Importantly, these figures were reflected in an increase in...

TAG: Telecommunications

July 12, 2002
ABH Holdings S.A.

Euromoney names Alfa Bank Best Bank in Russia 2002

Euromoney said Alfa Bank could now be seen as the country's top universal bank. "It is Russia's largest privately owned bank, is profitable and holds the highest credit rating for a private financial company, something of an achievement after the financial meltdown in the banking sector in...

TAG: Financial Services

July 01, 2002
ABH Holdings S.A.

Alfa Bank Enters The Banker’s Top 1,000 World Banks Rankings

The Banker's widely-followed rankings are based on Tier One Capital as defined by Basel's Bank for International Settlements. By this yardstick, Alfa Bank with Tier One Capital of US $229 million is ranked 9th in Russia and 15th in Central and Eastern Europe. Alfa Bank is the largest private...

TAG: Financial Services

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