News 16 July 2020

Euromoney: Alfa-Bank awarded the Best Bank in Belarus and recognized for its response to the pandemic

July 16, 2020 - 09:39

For the second year in a row, the jury chose Alfa-Bank (Belarus) as the best bank in Belarus, and this year they also noted its response to Covid-19 crisis.

The British magazine Euromoney has been awarding banks around the world in various nominations since 1992. In the framework of the Euromoney Awards for Excellence, banks are evaluated by region. The expert jury chooses several best banks, and their choice is conditioned by many criteria: from annual reports and partners’ opinions to evaluation of transactions and balances. In addition, the jury selects best banks in every single country. And Belarus is not an exception.

The first Alfa-Bank's award was the Best Bank in Belarus. In this nomination, the jury evaluated the bank's business model, its innovativeness and ability to adapt, and its readiness to meet customers needs. Experts gave the award to Alfa-Bank for its “Outstanding Growth and Commitment to Digital Transformation”, and they particularly highlighted the country's first banking OpenAPI and a possibility for entrepreneurs to open a bank account via a mobile application.

In 2019, Euromoney also chose Alfa-Bank as the best bank in Belarus, and that time they noted its rapid growth in the mobile sector.

The second award was the Excellence in Leadership Award, for the Bank's response to Covid-19 crisis. The jury appreciated the simple loan deferral system with a possibility to conduct the entire process online. Experts also noted that entrepreneurs could open an account without leaving home, as well as receive their documents by the contactless delivery service.

Due to the coronavirus crisis, the Bank suspended its Clients Club (Alfa-Bank's business client community) and launched the Mutual Aid Platform (open to everyone), where entrepreneurs could share with each other unused resources, like idle equipment.

And a few words about charity. In Belarus, over 15,000 social workers and the Red Cross sisters of mercy take care of more than 92,000 elderly people every day, visiting them at home during the pandemic. Alfa-Bank (Belarus) has been supporting fundraising for related individual protection products.

 

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): 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