27 June 2019
Alfa-Bank Ukraine shareholder ABH Ukraine Limited successfully completed the issue of new Eurobonds amounting to EUR 50 million
June 27, 2019 - 17:58
On June 26, 2019, ABH Ukraine Limited, the majority shareholder of JSC "ALFA-BANK", which owns 90.1% of the bank's shares, registered the new Eurobond issue for a total principal amount of EUR 50 million. The maturity date is July 6, 2021 (ISIN XS2018607098, tenor of 2 years). Coupon rate for the issue is 6.75% per annum paid quarterly.
The Eurobonds were issued pursuant to the rules specified by the Regulation "S" of the United States Securities and Exchange Commission and listed on the Frankfurt Stock Exchange.
This is the sixteenth Eurobond issue completed by ABH Ukraine since the beginning of 2015, which proves the strong demand from investors in the financial instruments offered by the international banking group Alfa, represented by ABH Holdings S.A.
27 May 2019
Fitch Ratings affirmed the ratings of Alfa-Bank Ukraine
May 27, 2019 - 17:58
On May 24, 2019, rating agency Fitch Ratings affirmed the international scale long-term and short-term ratings of Alfa-Bank Ukraine at B-/B/Stable, the national scale rating at AA(ukr)/Stable, as well as its viability and support ratings.
“The international scale long-term ratings of Alfa-Bank Ukraine stay in line with the Ukraine's Country Ceiling and demonstrate the benefits of shareholders’ support.
In Fitch Ratings’ opinion, during the analysed period Alfa-Bank Ukraine has considerably improved loan portfolio quality, kept satisfactory liquidity position, grown profitability and capitalization.
“Current affirmation of the bank’s international ratings apparently gives a positive sign to our customers and the whole market, – commented CFO of Alfa-Bank Ukraine Dmitry Serezhin. – The considerable improvement of the financial performance mentioned by Fitch Ratings in the rating rational is underpinned by great volume of work done by the bank team on loan portfolio quality recovery and non-core assets disposal”.
At the same time, Fitch Ratings agency also affirmed ratings of the UAH-denominated bonds of Alfa‑Bank Ukraine Series S (ISIN UA4000198931): the international scale long-term rating B- (country rating level) and the national scale rating AA(ukr) (investment grade).
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