November 26, 2014 7:44 PM ET

Banks

Company Overview of Open Joint Stock Company Alfa-Bank

Company Overview

Open Joint Stock Company Alfa-Bank provides various financial products and services to corporate and retail customers. It offers corporate and retail banking products and services, including loans, deposits, and credit cards; SME, trade, and structured finance; leasing; and factoring. The company also provides investment banking services comprising advisory and brokerage services, such as proprietary research, equity and derivatives transactions, fixed income sales and trading, and corporate finance. In addition, it offers equity research, payment and account, foreign exchange, cash handling, and custody services. The company operates through approximately 672 branches in the Russian Federat...

27 Kalanchevskaya Street

Moscow,  107078

Russia

Founded in 1990

Phone:

7 495 620 9191

Key Executives for Open Joint Stock Company Alfa-Bank

Chief Executive Officer
Age: 37
Chief Financial Officer and Deputy Chairman of Executive Board
Chief Operating Officer
Director and Chief Executive Officer of Alfa's Banking Group
Age: 45
Chief Executive Officer of Alfa Capital Markets (UK)
Compensation as of Fiscal Year 2014.

Open Joint Stock Company Alfa-Bank Key Developments

Open Joint Stock Company Alfa-Bank Approves Revised Charter and Revised Bylaw

Alfa-Bank announced at extraordinary general shareholders' meeting held on November 12, 2014, the shareholders of the company approved the proposal to approve the revised Charter, the revised Bylaw on the general shareholders' meeting; the revised Bylaw on the Board of Directors; and the revised Bylaw on the Management Board.

Open Joint Stock Company Alfa-Bank Announces Financial Results for the First Six Months Ended June 2014

Open Joint Stock Company Alfa-Bank announced financial results for the first six months ended June 2014. For the period, the company saw net profit to International Financial Reporting Standards (IFRS) fall 50% to $237 million. The fall in the group's net profit to $237 million was attributable to a rise in expenses for the creation of provisions, which amounted to $551 million, in view of rising credit risks amid a worsening macroeconomic situation and the continuing conservative approach of the group toward the creation of provisions. Net interest income and net fee and commission income were up by 10.8% and 10.6% year-on-year respectively. Operating profit before provisioning was increased by 5.4% to $1,534 million compared to $1,455 million for the same period a year ago.

Open Joint Stock Company Alfa-Bank, H1 2014 Earnings Call, Aug 28, 2014

Open Joint Stock Company Alfa-Bank, H1 2014 Earnings Call, Aug 28, 2014

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