Company Overview of Open Joint Stock Company Alfa-Bank
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
Founded in 1990
Key Executives for Open Joint Stock Company Alfa-Bank
Chief Executive Officer, Member of Executive Board and Director
Chief Financial Officer and Deputy Chairman of Executive Board
Director and Chief Executive Officer of Alfa's Banking Group
Chief Executive Officer of Alfa Capital Markets (UK)
Compensation as of Fiscal Year 2014.
Open Joint Stock Company Alfa-Bank Key Developments
UVZ Enterprises to Cease Cooperation with Alfa-Bank
May 19 15
Uralvagonzavod enterprises plan to stop working with Alfa-Bank. They intend to close their bank accounts and stop using bank instruments. For instance, Omsktransmash has repaid a RUB 205 million loan ahead of schedule and will close its active credit line with the bank earlier than planned.
Alfa-Bank Reports Earnings Results for the Year 2014
Apr 20 15
Alfa-Bank reported earnings results for the year 2014. For the year, the company's profit before provisions declined 16.4% y-o-y to $2.59 billion.
In terms of rubles the group's operating profit before provisions grew 0.8%. Main components of operating profit are net interest income (down 2.8% to $2.22 billion, or up 17.2% in terms of rubles) and net commission income that rose 5.8% to $825 million (a surge of 27.5% in terms of rubles). The portion of net commission income in the group's operating income before provisions increased from 25.2% to 31.8%. The group's IFRS
net profit slid to $33 million.
Alfa-Bank Announces Earnings Results for the Full Year of 2014
Apr 20 15
The Alfa Banking Group reported audited earnings results for full year of 2014. In a challenging operating environment the Alfa Banking Group reported operating profit before provisioning for full year 2014 in the amount of USD 2,591 million representing a decrease of 16.4% as compared to full year 2013. Operating profit for the same period expressed in RUB slightly grew by 0.8%. The key components of operating profit - net interest income decreased by 2.8% to USD 2,226 million (in RUB terms the increase was 17.2%). The share of commission income in total operating profit before provisioning increased to 31.8% in 2014 compared to 25.2% in 2013.
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