News 12 October 2016

The National Bank of Ukraine approved the deal between ABH Holdings S.A. and UniCredit Group

Press release

The National Bank of Ukraine (NBU) approved the deal between banking groups ABH Holdings S.A. (ABHH, Luxembourg) and UniCredit Group (UCG, Italy). This is stated in the decision of the NBU Committee on Oversight and Regulation of Banks.

"The National Bank of Ukraine welcomes the first big deal in the field of M&A in the banking sector in recent years. The main priority for the regulator is the additionally capitalized and stable banking system, so the fact that ABH Holdings S.A. shareholders confirmed the fulfillment of all commitments assumed by both banks after diagnostics is important for us. We hope that the combination of competencies of the two international financial groups will promote the development of the banking service market in Ukraine," commented Valeria O. Gontareva, the Chairman of the National Bank of Ukraine, in her official report.

"We are quite enthusiastic about the positive decision of the NBU, which allows the shareholders of ABH Holdings and UniCredit Group, two international banking groups operating in Ukraine, to complete this strategic transaction in the near future. We believe this will contribute to a further development and consolidation of the financial sector conducted by the regulator, and restore confidence in the banking system as a whole and the economy of the country, said Rushan Khvesyuk, Managing Director of Alfa-Bank Ukraine. We will continue implementing the strategic plans of our shareholders on development of a highly competitive, technological and reliable leading bank, offering a full range of services to all categories of customers with a single and a strong team of professionals on the platform of the two banks."

We’d like to recall that in September, the Antimonopoly Committee of Ukraine authorized the concentration of ABH Holdings S.A. (ABHH) and UniCredit Group (UCG), having noted the positive effects of this deal for the whole banking sector, and, in particular, the banking service consumers.

"We are very grateful to the National Bank for efficiency in making such an important decision. The Ukrainian banking system is getting stronger, and the regulator plays an important role in it. Now, another top-level player will appear in this sector, which will become a serious competitor in the market. We have a lot of tasks and ambitious plans, and already in the near future we expect to hold a general meeting of shareholders, after which the deal closing will be officially announced," said Tamara Savoshchenko, Board Chairman of Ukrsotsbank.

In January this year, the investment holding company ABH Holdings S.A., which indirectly holds 100% shares of Alfa-Bank Ukraine, and international financial group UniCredit Group announced the signing of an agreement, in which UniCredit Group in exchange for a minority stake in ABHH in the amount of 9.9%, will transfer 99.8% shares in Ukrsotsbank PJSC to ABH Holdings S.A. as a holding company.

 

Information on ABH Holdings S.A.

ABH Holdings S.A. is a privately owned Luxembourg-based conglomerate focused on utilizing its financial and intellectual resources, management and investment expertise to manage value-driven investments in the global banking sector. ABHH stands as the parent entity of the group of companies (collectively the Alfa Banking Group) that is involved in banking and financial services in the Russian Federation, the Netherlands, the United Kingdom, Ukraine, Kazakhstan, Cyprus, and Belarus. ABHH’s subsidiaries collectively have the branch network consisting of 924 offices employing almost 30,000 people who serve over 14 million clients.

 

News 04 March 2016

Acquisition of ZUNO from Raiffeisen Bank International AG will not be concluded

Press release

The acquisition of Raiffeisen Bank International’s (RBI) direct bank ZUNO BANK AG by the Alfa Banking Group, as announced in September 2015, will not be concluded.

The sale and purchase agreement was not completed before expiration of the long stop date as several condition precedents on both sides were not fulfilled.

The SPA was terminated by ABH Holdings S.A. on the 29th February 2016.

For further information please contact 
Pavel Nazariyan, Managing Director of ABH Holdings S.A.

 

Information on ABH Holdings S.A.

ABH Holdings S.A. is a privately owned Luxembourg-based conglomerate focused on utilizing its financial and intellectual resources, management and investment expertise to manage value-driven investments in the global banking sector. ABHH stands as the parent entity of the group of companies (collectively the Alfa Banking Group) that is involved in banking and financial services in the Russian Federation, the Netherlands, the United Kingdom, Ukraine, Kazakhstan, Cyprus, and Belarus. ABHH’s subsidiaries collectively have the branch network consisting of 924 offices employing almost 30,000 people who serve over 14 million clients.

 

News 28 January 2016

Bloomberg ranks Alfa-Bank as the top bookrunner among Russian banks

Alfa-Bank has been ranked as the largest bookrunner among Russian banks and one of the largest among global players in the CIS in 2015.

The bank jumped up six positions in Bloomberg’s ranking, overtaking JP Morgan, Citi, Raiffeisen, BNP Paribas, and Sberbank CIB.

This achievement is partly a result of the five transactions the bank closed in the region for syndicated lending to borrowers. The total amount of the transactions exceeded USD 500m.

Alfa-Bank’s market share also grew by 5% in 2015.

Alexey Chirkizyanov, Alfa-Bank’s Debt Capital Branch Director, said: “In 2015, Alfa-Bank increased its share of the syndicated lending market thanks to the team’s expertise and effective interaction with the market makers and key clients.”

Source

Alfa-Bank

 

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).