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December 11, 2001

Alfa Revamps Retail Network.

By Torrey Clark. Top five commercial bank Alfa Bank is overhauling its retail system and focusing on the regions in order to increase its independence from Alfa Group - not to groom it for sale, Alfa Bank chairman Mikhail Fridman said Monday. "We are trying to seriously weaken the link...


December 10, 2001
ABH Holdings S.A.

Alfa Bank to issue Eurobond next year and roll out new retail banking operation

Chairman of the Board Mikhail Fridman told a Moscow news conference that the Bank planned to launch a new Eurobond in 2002 following its success in closing a new US$20 million unsecured syndicated loan in London last week. "This loan was at very competitive rates," Fridman said. "It tells a...

TAG: Financial Services

December 07, 2001
ABH Holdings S.A.

Alfa Bank signs US $20 million syndicated loan - biggest unsecured Russian financing since 1998 Russian financial crisis

The Facility Nine banks from eight different countries underwrote the short-term facility, which was priced at 375 points over LIBOR and arranged by Standard Bank London Limited. "Alfa Bank is once again taking the lead in the international capital markets," says CEO Alex Knaster....

TAG: Financial Services

December 03, 2001
Alfa Group Consortium

"MOODY'S upgrades foreign currency issuer ratings of Tyumen Oil Company to Ba3"

Moody's Investors Service has upgraded the foreign currency issuer ratings of Tyumen Oil Company ("TNK") from B2 to Ba3. The action follows the upgrade of Russia's foreign currency country ceiling from B2 to Ba3. The rating is stable. The local currency issuer rating for TNK remains at Ba2, with...

TAG: Other