25 June 2020
ABH Ukraine Limited has increased its shareholding in JSC Alfa-Bank
June 25, 2020 - 17:30
On June 25, 2020, Alfa-Bank’s shareholding structure was changed - ABH Ukraine Limited (ABHU, Cyprus) increased its shareholding in the Bank through the repurchase of the stake from MSP Stiftung (Liechtenstein).
As a result of the transaction, ABHU's equity stake in the bank increased up to 42.3994%.
The transaction also led to minor changes in the ultimate ownership structure of JSC Alfa-Bank. Actually, the ultimate substantial shareholders of JSC Alfa-Bank are as follows: Mikhail Fridman – 32.8632%, German Khan – 20.9659%, Alexey Kuzmichev – 16.3239%, and Petr Aven – 12.4018%.
The transaction was carried out in full accordance with the legislative and regulatory requirements of Ukraine.
15 October 2019
Alfa-Bank Ukraine and Ukrsotsbank have merged
October 15, 2019 - 15:51
The united team of Alfa-Bank Ukraine and Ukrsotsbank has successfully completed the merger of balance sheets and technical activities related to the merger of Ukrsotsbank with Alfa-Bank Ukraine.
Alfa-Bank Ukraine has become the full successor of all rights and obligations of Ukrsotsbank in relation to its customers, partners and counterparties. On October 15, 2019 the transfer deed was approved by the resolution of the general meeting of shareholders of Alfa-Bank Ukraine and by the resolution of the sole shareholder of Ukrsotsbank. All legal procedures related to the merger and termination of activities of Ukrsotsbank will be completed by the end of this year.
The increase in the authorized capital of the bank and the issue of shares of the bank in order to convert the shares of Ukrsotsbank have been approved by the resolution of the general meeting of shareholders of Alfa-Bank Ukraine.
“For two and a half years, our united team has worked hard to merge two large banks. Thanks to the weighed decisions and support of shareholders, competence of the team and support and trust of customers and partners, this merger has become the most successful example of effective synergy between two different financial institutions, and we are starting a new history of leadership in the national banking market. Now we are a single entity with strong expertise, best practices and ambitious goals,” said Viktoria Mykhailo, Chairwoman of the Management Board of Alfa-Bank Ukraine.
The reorganization of financial institutions by merging Ukrsotsbank with Alfa-Bank Ukraine is carried out according to the simplified procedure provided for by the Law “On simplifying the procedures for the reorganization and capitalization of banks” in accordance with the permission of the National Bank of Ukraine dated September 12, 2019.
11 December 2018
Alfa Group has neither planned nor plans to sell its banking assets in Russia
December 11, 2018
In light of recent media reports, alleging some negotiations on the sale of Alfa Group’s banking assets in the Russian Federation, we declare that this information bears no relation to reality. We categorically deny these rumors and the fact of any negotiations. No discussions of the kind have been or are being conducted with the market players.
Alfa Banking Group, comprising ABH Financial, AO “Alfa-Bank” and subsidiaries, over its history has shown positive dynamics in the key financial ratios and main business areas: the Bank is increasing its loan portfolio, the volume of borrowed funds, the interest and fee revenue, as well as the number of customers. Consistently implementing the development strategy, the Bank is boosting its share in the key market segments, along with improving operating efficiency and asset quality. The business volume increase is accompanied with a remarkable increment in profit, which testifies to an efficient business model chosen by the Bank.
We view the emerging rumors as an attempt to discredit the Bank’s shareholders and management. We have not planned and are not planning to sell Alfa-Bank.
20 June 2018
Alfa-Bank (Belarus) acquired the Home Credit Group's entity
ABH Holdings S.A., which indirectly owns 99,9% shares in Alfa-Bank (Belarus), and the International Group "Home Credit" announced closing of the deal to purchase 100% of shares in Open Joint Stock Company Non-banking Credit and Financial Organization "Home Credit".
This deal was previously approved by the National Bank of the Republic of Belarus and the Ministry of Antimonopoly Regulation and Trade of the Republic of Belarus.
In fact, this is the only M&A deal in the banking sector of the Republic of Belarus over the past few years. It is noteworthy that the deal was closed within 3 months.
The deal confirms ambitions of the Alfa Banking Group for the further growth of its banking business in Belarus. In 2016-2017, Alfa-Bank's active client base doubled, and this deal would give a significant impulse to its further growth.
Rafal Juszczak, CEO of Alfa-Bank (Belarus), noted: “This deal is an example of excellent Alfa-Bank's team work. We could not do it without a fast and efficient cooperation between Alfa-Bank, Home Credit, and the National Bank of the Republic of Belarus. We are sure that this M&A transaction is really a “win-win”: Home Credit could not go on with the same business model in Belarus, and we were happy to continue the banking journey of their customers with Alfa-Bank. This M&A will not change the strategic focus of Alfa-Bank in Belarus – we will continue our expansion in retail and mass business with a particular focus on mobile banking”.
Alfa-Bank (Belarus) is a Belarusian commercial bank with the international capital, being a part of the Luxembourg-based private investment holding company ABH Holdings S.A., which also has investments in a number of banking groups operating in Europe and the CIS, specifically in Ukraine, Belarus, Kazakhstan, Russia, and the Netherlands. Official website of Alfa-Bank (Belarus): www.alfabank.by
"Home Credit" is a subsidiary of the international Home Credit Group, which entered the Belarusian market in 2006. In July 2016, "Home Credit" became a Non-banking Credit and Financial Organization as the result of policy on transforming the business model in Belarus. Official website of the Home Credit Group: www.homecredit.net