News 12 January 2016

ABH Holdings S.A. signed binding agreement to acquire Ukrsotsbank from UniCredit Group

Press release

ABH Holdings S.A. (ABHH) and UniCredit Group (UCG) announced today that they have signed an agreement for the transfer of 99.8% of PJSC Ukrsotsbank (USB), UCG's bank in Ukraine, in exchange for a 9.9% minority stake in ABHH.

After Closing, UCG, the global Italian banking group, will become a minority shareholder in ABHH, a Luxembourg-based investment holding company of the Alfa Banking Group.

ABHH's Chairman Petr Aven commented that:

"This transaction is both tactical and strategic. It makes ABHH, a Luxembourg-based investment holding company, an unrivalled player in the Ukrainian market and makes UCG, the global Italian banking group, a shareholder in ABHH. 

We welcome UniCredit as a partner and look forward to utilizing their vast European experience – across 17 countries and technological know-how – to support ABHH's international growth.

This transaction enables ABHH to create a leading retail and wholesale banking player in Ukraine with an unparalleled platform for growth and development". 

The transaction structure envisages UCG to contribute its exposure in USB to ABHH in exchange for newly issued shares representing 9.9% stake of ABHH post transaction. UCG will appoint one Board member of ABHH and will have customary protection rights, including the possibility to cause an IPO of ABHH or to sell its stake to ABHH on the 5th anniversary after the Closing.

As the next step, the parties will be seeking the necessary regulatory approvals. The closing of the transaction is expected to happen in 2016.

 

Information on ABH Holdings S.A.

ABH Holdings S.A. is a Luxembourg-based investment holding company of the Alfa Banking Group investing into several banking activities in Russia, Ukraine, Belarus, Kazakhstan and the Netherlands. ABHH’s subsidiaries offer a wide range of products and operate in all sectors of the financial market, including interbank, corporate and retail lending, deposits, payment and account services.

ABHH’s subsidiaries have almost 30,500 full-time employees, serve over 14 million customers, while the branch network counts 924 offices. As of December 2015, the total consolidated assets of ABHH amounted over US $36.9 bln, while the consolidated shareholders’ equity was approx. $4.5 bln (IFRS).

 

News 25 November 2015

Alfa-Bank (Ukraine) ranked in top 10 of deposits reliability rating

The Ukrainian credit rating agency ranked Alfa-Bank (Ukraine) in 8th place out of 32 banks.

The Ukrainian credit rating agency (UCRA) has provided updated data on the deposits reliability rating for each of the 32 banks based on the reporting for 9 months 2015.

Alfa-Bank (Ukraine) received a B rating, which means high reliability and insignificant sensitivity of the bank to adverse external factors.

Only 9 Ukrainian financial institutions have this rating.

 

News 20 November 2015

Alfa-Bank’s annual report awarded ‘The Best Corporate Media of Ukraine 2015’

On 19 December 2015, Alfa-Bank’s online annual report won the Best Corporate Media of Ukraine award at the Annual Business Forum ‘Innovations in Communications: Trends of 2016’.

The annual report won for its innovation, multimedia design and high quality content. It is fully integrated into the corporate website and is available in three languages: Ukrainian, Russian and English.

The award’s ceremony was held in Kiev.

 

News 19 November 2015

Alfa Banking Group closes USD 500m Eurobond successfully

The three-year Eurobond is the first deal of its kind among Russian financial institutions since the international financial community revised its attitude to Russia’s risk in 2014.

The USD 500m Eurobond deal was closed by Alfa Banking Group on 18 November 2015. It has a fixed coupon rate of 5%.

Alexey Tchoukhlov, First Deputy Chairman and Chief Financial Officer of Alfa Banking Group, said: “This deal once again confirms that the Bank has access to international capital markets at competitive rates of return, and it continues to enjoy stable investors’ support.”

Source

Alfa-Bank