News 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.


News 11 December 2018

Alfa Group has neither planned nor plans to sell its banking assets in Russia

Press release

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.


News 20 June 2018

Alfa-Bank (Belarus) acquired the Home Credit Group's entity

Press release

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”.


Additional information:

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):

"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:



News 16 November 2017

Changes in the shareholder structure of PJSC Alfa-Bank (Ukraine)

Press release

On 16 November 2017, the international investment foundation MSP Stiftung (Liechtenstein) became a shareholder of PJSC Alfa-Bank (Ukraine) having acquired 9.9% of its shares.

As a result, the Austrian banker Martin Schwedler will be appointed as the Supervisory Board Chairman of PJSC Alfa-Bank (Ukraine) after all necessary approvals with the Ukrainian regulator.

The shareholder structure of PJSC Alfa-Bank (Ukraine) has been expanded and now includes MSP Stiftung Foundation, established by Martin Schlaff, one of the leading Austrian businessmen with interests in financial sector and industrial production. MSP Stiftung co-owns Sigma Kreditbank AG (Liechtenstein) which specializes in retail lending. It also owns around 25% in RHI Magnesita NV, a global producer of high-quality refractory products used in high-temperature industrial processes.

Entry of the new investor into the shareholder structure of PJSC Alfa-Bank (Ukraine) will further strengthen the Bank’s growth strategy. The Bank will continue to increase its presence in all key business segments as the universal financial institution with a unique international expertise and focus on development of online services for its clients.

Adding leading international professionals to the team is one of the components of Alfa-Bank (Ukraine) and the ABHH banking group growth strategy. This will enable the Bank to not only implement advanced international practices, but also increase its corporate governance standards. The decision of the shareholders to appoint Martin Schwedler as the Supervisory Board Chairman of PJSC Alfa-Bank (Ukraine) clearly confirms this strategy.

Martin Schwedler has an extensive experience in corporate finance and investment banking having served in such companies as GE Capital, Raiffeisen Investment AG and Lazard Frères Gestion. Martin Schwedler earned the Master of Laws degree from the University of Innsbruck. Martin Schwedler will take the position of the Supervisory Board Chairman after the approval of the National Bank of Ukraine, while Petr Aven, currently holding this position, will remain on the Supervisory Board of the financial institution.

The affiliation of a new shareholder with Alfa-Bank (Ukraine) changed the structure of the Banks’ ownership. Accordingly, the ultimate major shareholders of PJSC Alfa-Bank (Ukraine) are MSP Stiftung - 9.9%, Mikhail Fridman - 29.62%, German Khan - 18.89%, Alexey Kuzmichev - 14.7%, and Petr Aven - 11.17%. The transaction was carried out in full compliance with the legislative and regulatory requirements of Ukraine.

Martin Schlaff, Founder of MSP Stiftung, noted: "The board of MSP Stiftung has been closely looking at financial assets in the Eastern Europe, specifically in Ukraine for some time. I am pleased that they have managed to partner up with ABH Holdings S.A. I trust that MSP Stiftung and ABH Holdings S.A. together will meet the challenges of creating the best bank, the bank-leader in Ukraine. MSP Stiftung will certainly contribute its knowledge, experience, and know-how to reach this goal. This will help strengthening MSP Stiftung for future generations."

Petr Aven, Chairman of the Board of Directors of ABH Holdings S.A., stressed: “We are pleased to welcome our new partner MSP Stiftung as a shareholder of Alfa-Bank (Ukraine). Moreover, our further plans include the expansion of MSP Stiftung’s participation in PJSC Alfa-Bank (Ukraine) to 24.9% of shares. Cooperation with one of the largest investment funds of the Central Europe will strengthen our position on the Ukrainian market and will open new business opportunities for ABH Holdings S.A. in the European business community”.


Additional information:

Alfa-Bank (Ukraine) is a large Ukrainian 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. According to the National Bank of Ukraine classification, Alfa-Bank (Ukraine) falls within the category of banks with foreign capital.

Official website of Alfa-Bank (Ukraine):