October 20, 2017 8:02 PM ET

Banks

Company Overview of Open Joint-Stock Company AF Bank

Company Overview

Open Joint-Stock Company "AF Bank" provides financial products and services for individuals and corporate clients in the Russian Federation. The company offers auto loans, deposits, on-demand and current accounts, safe deposit boxes, credit cards, bank cards, consumer loans, and payments and transfers; and currency exchange, Internet banking, and cash and settlement services for private clients. It provides lending, payment, and currency exchange services; and deposits, bill programs, and payroll card programs for corporate clients. The company was formerly known as Alfa Bank Bashkortostan and changed its name to Open Joint-Stock Company "AF Bank" in April 2007. The company was founded in 19...

78, Oktyabrskaya Revolution street

Ufa,  450000

Russia

Founded in 1990

Phone:

7 291 9999

Key Executives for Open Joint-Stock Company AF Bank

Open Joint-Stock Company AF Bank does not have any Key Executives recorded.

Open Joint-Stock Company AF Bank Key Developments

Alfa Bank Reports Financial Results for Fiscal 2016

Alfa Bank reported financial results for fiscal 2016. Net profit generated by the bank in 2016 amounted to RUB 5.1 billion under RAS. Financial loss was RUB 2.6 billion. Specifically, net interest income (the bank's main profit earner) climbed 47% against 2015 primarily amid a drop in the cost of funds (the bank's cost side declined by more than 20%). Net commission income jumped 11.4% year on year, reflecting the bank's strategy aimed at cementing transaction business and increasing the share of risk-free income in the bank's operating income.

Court Approves Settlement in Alfa Bank - Uralvagonzavod Debt Dispute

The Chelyabinsk Region Arbitration Court on Wednesday approved a settlement between Alfa Bank and Uralvagonzavod (UVZ) and its subsidiaries LLC ChTZ-Uraltruck and LLC Tekhnopark Traktorozavodsky in a lawsuit seeking to collect several loans totaling RUB 7.346 billion and $30.203 million, as well as a lawsuit to foreclose on assets held as collateral on these loans.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
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