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.
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.