Alfa-Bank is the Best Trade Finance Provider in Russia, according to Global Finance

Global Finance, a trusted journal, has named Alfa-Bank the best Russian Trade Finance Provider in its exclusive survey. The winners of the Best Trade Finance Providers 2019 prize have been rewarded on 16 January 2019 in London during the BAFT Europe Bank-to-Bank Forum.

“For us this award means recognition of the global financial community. Year after year we make Alfa-Bank’s trade finance products more convenient for our clients: we are developing remote channels, optimising internal processes, building an efficient infrastructure for dealing with overseas banks. We are happy that our clients and the market appreciate it. The fact that Alfa-Bank was named the best once again confirms that we respond to all current global market challenges in an efficient and professional manner,” said Andrei Chulak, Head of Corporate and Investment Banking of Alfa-Bank.

“The winners of our Trade Finance Awards are staying on top of these evolving trends and providing their clients with advice and solutions to mitigate risks and succeed in their international business,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.

The editorial review board of the journal selected the winners based on input from industry analysts, corporate executives and technology experts. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing, innovative technologies. The exclusive survey results will be published in the February 2019 issue of Global Finance.

Alfa-Bank is among the leaders in the global trade finance market, being the major private financial institution in Russia. The significant amount of capital enables Alfa-Bank to work with high-profile clients meeting their needs for the scope of finance, technological effectiveness and competitive pricing of services.

During 2018, Alfa-Bank consummated about 1,300 trade finance transactions in more than 50 countries worldwide. The bank maintains the mature partnership with the major international partners, including Commerzbank AG, ING Bank, HSBC Bank, Credit Suisse AG, Citibank, The Export-Import Bank of Korea, Bank of New York Mellon, SMBC, ICBC, and many other global financial institutions.

Global Finance, founded in 1987, has a circulation of 50,050 and readers in 188 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website – GFMag.com – offers analysis and articles that are the legacy of 32 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.

Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, leasing, factoring and trade finance.

Alfa-Banking Group became the largest private bank in Russia in terms of total assets, total equity, deposit and loan portfolios.

According to the IFRS financial statements for 1H 2018, the Alfa Banking Group, which comprises ABH Financial, Joint Stock Company «ALFA-BANK» as well as its subsidiary financial companies, had total assets of USD 45.1 billion, gross loans of USD 29.5 billion and total equity of USD 7.1 billion. Net profit after tax for 1H 2018 amounted to USD 658 million.

As of 30 June 2018, Alfa-Bank serves more than 507,000 corporate and 15.8 million retail customers, while the branch network consists of 774 offices in Moscow, across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United Kingdom and Cyprus.

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