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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

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