Company Overview of Alfa Group Consortium
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
Founded in 1989
Key Executives for Alfa Group Consortium
Chief Executive Officer and Member of The Alfa-Banks Board of Directors
Founder and Chairman of the Supervisory Board
Co-Founder and Member of Supervisory Board
Director of Corporate Development, Finance & Control and Member of Supervisory Board
Member of Supervisory Board and Chief Executive Officer of Alfastrakhovanie Group
Compensation as of Fiscal Year 2014.
Alfa Group Consortium Key Developments
Russian and US Firms Show Interests In Telekom Srbija Privatization
Feb 26 15
Russian and US interests might clash in the pending privatisation of Telekom Srbija a.d. as bidders from both countries are expected to step forward for the auction later in 2015, daily Blic reported on February 25, 2015, quoting unnamed sources. According to Blic, a large Russian firm has confirmed it is interested in buying one of Serbia's most profitable companies. At the same time, a US company is allegedly already preparing a counter-offer for Telekom Srbija. The name of the potential Russian bidder is not known although there is speculation it could be ZAO Gazprom Telecom. Blic says that the other possible Russian bidders include Sistema JSFC (MICEX:AFKS) and Alfa Group Consortium. According to the unnamed source quoted by Blic, the price for Telekom Srbija in the pending sale could be higher than expected due to the strategic importance of Telekom Srbija.
VTB Capital Reportedly Seeks To Sell 26% Stake In News Out
Nov 7 14
VTB Capital PLC intends to sell a 26% stake in News Out of Home B.V. JSC Gazprom-Media Holding, a potential buyer, is interested in the controlling interest. Kommersant wrote about the potential sale, citing sources on the outdoor advertising market, a top executive at VTB Group and a source in Gazprom-Media. A senior official at VTB told the business daily that the parties were far from reaching any deal, noting that the bank initially purchased a stake in advertising company to resell it in the next three to five years. A source familiar with negotiations pointed out that Gazprom-Media wants to have a controlling stake. This means that the deal will go through only if the potential buyer manages to strike a deal with other shareholders, which include JCDecaux SA (ENXTPA:DEC), Peter Gerwe, Alfa Group Consortium and the News Out's management.
The Alfa Banking Group Announces Earnings Results for the First Half of 2014
Aug 29 14
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.
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