October 22, 2014 8:34 PM ET

Industrial Conglomerates

Company Overview of Alfa Group Consortium

Company Overview

Alfa Group Consortium, a conglomerate, engages in the fields of financial services, oil and gas production, investment, retail, telecommunications, and water supply and disposal in Gibraltar and internationally. Its financial services include corporate banking, retail banking, deposits, payment and account, foreign exchange operations, cash handling, custody, investment banking, trade finance, asset management, individual trust asset management, and private equity and real estate investment advisory services, as well as retail insurance products. The company also produces and markets oil and gas; operates refineries; operates service stations selling petroleum products; operates soft discoun...

4 Irish Place

Suite 2



Founded in 1989


350 200 41977


350 200 41988

Key Executives for Alfa Group Consortium

Chief Executive Officer and Member of The Alfa-Banks Board of Directors
Age: 45
Founder and Chairman of the Supervisory Board
Age: 50
Age: 53
Director of Corporate Development
Age: 46
Member of Supervisory Board and Chief Executive Officer of Alfastrakhovanie Group
Age: 45
Compensation as of Fiscal Year 2014.

Alfa Group Consortium Key Developments

The Alfa Banking Group Announces Earnings Results for the First Half of 2014

The Alfa Banking Group announced earnings results for the first half of 2014. Alfa Banking Group reported solid growth in key business segments with net interest income and net fee and commission income up by 10.8% and 10.6% year-on-year respectively. Operating profit before provisioning increased by 5.4% to USD 1,534 million compared with USD 1,455 million for the same period a year ago. Lower net profit of USD 237 million compared with net loss of USD 479 million for the same period a year ago, was caused by higher provisioning charges (USD 551 million in first half of 2014) reflecting increased credit risks in the current adverse environment and the Group's constantly conservative approach to provisioning.

Alfa Group Reports Earnings Results for the Year 2013

Alfa Group reported earnings results for the year 2013. For the year, the company's net profit after minority interest jumped to $11.9 billion from $2.49 billion in 2012. Return on equity soared to 88% from 12.8%.

Alfa May Reportedly Raise Stake In Turkcell

Alfa Group Consortium may acquire stake in Turkcell Iletisim Hizmetleri AS (IBSE:TCELL). According to Kommersant’s report, Alfa may raise its stake in Turkcell from 13.2% to 27%, if Cukurova Group fails to pay $1.56 billion imposed by a British court.

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