25 September 2019
Ratings of Alfa-Bank Ukraine were affirmed by Fitch
September 25, 2019 - 16:00
On September 24, 2019, rating agency Fitch Ratings affirmed the international scale long-term and short-term ratings of Alfa-Bank Ukraine at B-/B/Stable as well as its viability and support ratings. The viability rating was placed on Rating Watch Positive.
At the same time, Fitch Ratings recalibrated the national scale. As a result, the Bank was assigned an investment grade rating at BBB+(ukr).
The current international scale ratings and support rating reflect Fitch's view that the Bank would likely be supported, in case of need, by its shareholders.
Fitch Ratings will assess the anticipated positive impact from Ukraine's improving operating environment on the Bank's standalone credit profile and resolve the Rating Watch Positive on the viability rating accordingly.
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.