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Topic: Alfa Bank

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	Russia Needs a Competitive Banking Sector
		Bank lending remains tied to the structures of Russia’s financial-industrial groups, with intragroup credits accounting for an estimated 43 percent of total credit, and the government or leading domestic companies continue to run the largest banks.
		Bank capital, which fell to one-quarter of its precrisis level after the collapse, stood 14.7 percent above its July 1998 level at the end of the first quarter of this year (in inflation-adjusted terms) and was equivalent to 5.1 percent of GDP, as opposed to 4.6 percent in July 1998.
		The banks are much larger net creditors of the real sector than they were: their net claims on the nonfinancial private sector at the end of the first quarter stood at 7.6 percent of GDP, up from 4.4 percent in January 1998.
	www.worldbank.org /html/prddr/trans/octnovdec02/pgs13-15.htm (1515 words)

	The Big Seven--Russia's Financial Empires
		The elite banks and their FIGs are also the key financial players in the constantly shifting, informal networks of competing alliances--sometimes called clans--that dominate Russian politics.
		Authorized banks are entitled to handle funds of central or local governments (table 2); for example, they may collect and transfer to the state budget customs payments and tax revenues.
		Alfa Group is led by Chairman of the Board Mikhail Fridman and President Pyotr Aven (former Minister of Foreign Economic Relations, Russia).
	www.worldbank.org /html/prddr/trans/feb98/bigseven.htm (1766 words)

	Boston.com / News / World / Europe / Putin Aide: Russia in Crisis Run on Banks (Site not responding. Last check: 2007-10-01)
		Russia's largest private bank acted to stop a run on deposits on Thursday as President Vladimir Putin's economic adviser said the country's banking industry was in crisis and blamed the government.
		Alfa Bank said its special 10 percent commission was a temporary measure connected to the "panic on the market and a significant number of those wishing to withdraw their money."
		The government and central bank tried to assure depositors with painful memories of a banking collapse six years ago that there was not about to be a repeat.
	www.boston.com /news/world/europe/articles/2004/07/08/putin_aide_russia_in_crisis_run_on_banks (754 words)

	Alfa Group Consortium: Financial Services
		Performance in asset management and years of effort in co-developing distribution with Alfa Bank paid off in 2005: ACM tripled its market share in retail funds and was ranked the #2 fund-raiser among domestic competitors (#9 in 2004).
		Alfa Capital Partners is a Moscow-based private equity and real estate investment group established by Alfa Bank and Alfa Group.
		Alfa Capital Partners is managed by seasoned professionals who have worked in the region and collaborated since the early 1990’s.
	www.alfagroup.org /115/activities.aspx (737 words)

	Illarionov: Central Bank Fueled Crisis
		The outspoken economist, known for often contrarian views, said the banking system was fine until the Central Bank started meddling where it didn't belong and flexing its muscles, such as when it revoked the license of second-tier Sodbiznesbank in May, triggering a liquidity squeeze that is still being felt.
		Also on Wednesday, Central Bank Chairman Sergei Ignatyev, in a speech to parliament, gave Alfa Bank a clean bill of health, reassuring lawmakers, depositors and the business community as a whole that it was too big to fail.
		Alfa issued a statement saying the commission was a "temporary measure connected to the panic on the market" -- but that only appeared to make matters worse.
	www.liberty-page.com /issues/fed/fueled.html (954 words)

	News Article
		Alfa Bank is the first Russian bank to join CLS, bringing to 35 the number of live CLS third-party clients of UBS.
		With this partnership, Alfa Bank and its subsidiaries will be able to execute and settle their cross-border foreign exchange transactions through the CLS global settlement system.
		Alfa Bank is one of the leading banks in Russia.
	www.cls-group.com /news/article.cfm?objectid=8FF034C5-FAEC-E0AB-8A0D946491C4DD36&origin=0874CEC4-E41A-4263-B763398EE25E5B1C (433 words)

	Alfa Group - Wikipedia, the free encyclopedia
		Alfa Group Consortium is one of Russia's largest privately owned financial-industrial conglomerates, with interests in oil and gas, commodities trading, commercial and investment banking (Alfa Bank), insurance, retail trade and telecommunications.
		The group was founded by Mikhail Fridman (one of the most influential business leaders in Russia and one of the Russian oligarchs) and Peter Aven.
		Alfa Group, being Perekryostok's largest shareholder, is going to hold the controlling stake in this combined business.
	en.wikipedia.org /wiki/Alfa_Group (201 words)

	Alfa Bank Pays Bond Interest But Doubt Stays
		Bloomberg and weekly Finansovaya Nedelya have reported that Alfa Bank was in talks with bondholders, offering to repay half of its Eurobond obligations in July 2002 and the rest in July 2003.
		Alfa Bank's Eurobonds are trading at 60 cents to 64 cents on the dollar, with current yield at about 50 percent and 60 percent yield to maturity.
		Banking analysts praised Alfa Bank, saying it remained one of the strongest Russian banks, most of which were wiped out by the August 1998 ruble collapse.
	www.bradynet.com /bbs/russia/100125-0.html (501 words)

	Alpha Dog (Site not responding. Last check: 2007-10-01)
		Alfa Bank, a leader of the Russian corporate-banking world, is treading water when it comes to individual accounts, growing no faster than the overall market.
		The bank is also falling behind rivals' growth rates on its home turf in Moscow, despite having spent $50 million on a network of high-tech minibranches throughout the city.
		Alfa is keen to expand in retail because of its overwhelming dependence on corporate banking.
	www.gecfmediawatch.com /japan/AlphaDog.shtml (640 words)

	RIA Novosti - Business - Fitch upgrades Russia's Alfa Bank ratings
		Bank's individual rating was also upgraded to C/D (from D), whereas Alfa's other ratings were affirmed at Short-term B and Support 4, the agency said in a statement.
		Founded in 1990, Alfa Bank is one of Russia's top 30 banks by assets (valued at $9.8 bln as of December 31, 2005).
		Alfa Bank said last week its net profit according to Russian Accounting Standards rose 25% year-on-year in the first seven months of 2006 to 2.12 bln rubles ($78.5 mln), with pre-tax profit in the reporting period growing 46.7% year-on-year to 2.9 bln rubles ($107 mln).
	en.rian.ru /business/20060908/53659784.html (266 words)

	Court Left Alfa Bank in Russia - Kommersant Moscow
		According to the claimant, Alfa Bank writing off $7 million from Sodbisnesbank’s account after it had its license withdrawn was illegal and violated the rights of first line creditors (Alfa is a fifth line creditor).
		Alfa asked the court not to take the lawsuit, since according to its agreement with Sodbisnesbank all disputes were to be heard by an arbitration court.
		Alfa’s interest in transferring the case to the Arbitration Court can be explained by the fact that they take half a year and longer to process cases.
	www.kommersant.com /page.asp?idr=1&id=542678 (546 words)

	Bloomberg.com: Europe
		Russian banks are facing their biggest test of confidence since 1998, when the government defaulted on $40 billion of debt, prompting many of them to collapse.
		Alfa Bank is controlled by Mikhail Fridman, Russia's sixth- richest man. Fridman's Alfa Group was among investors that last year formed the TNK-BP oil company with BP Plc, Europe's second- largest oil producer, and Russia's OAO Tyumen Oil Co. in a $6.15 billion transaction.
		``Alfa is fulfilling all its obligations to clients and observing all the conditions of its contracts,'' the bank said in the statement.
	quote.bloomberg.com /apps/news?pid=10000085&sid=aH1uN7YcZwMg&refer=europe (542 words)

	Alfa Capital Partners: Private Equity in Russia and the CIS - About us - History
		Alfa Capital Partners was established in 2003 as a wholly-owned subsidiary of Alfa Bank, one of Russia's largest privately-owned banks, and Alfa Group, a leading Russian financial-industrial group.
		At the end of 2005, ACP was spun out of Alfa Bank and became a wholly subsidiary of Alfa Asset Management, a wholly owned subsidiary of Alfa Holdings, which is also the parent of Alfa Bank.
		Alfa Capital Partners is member of Alfa Group Consortium.
	www.alfacp.ru /eng/about_company/history (203 words)

	Russia, Government, Economic Liberalization, Alfa Bank - JRL 4-22-05
		Joining a strengthening chorus of warnings over the state's growing grip on the economy and political life, Alfa Bank president Pyotr Aven urged the government to quickly move forward on liberal reforms and take steps to share its vast oil-fueled wealth with the population.
		BP president Lord Browne is to meet with President Vladimir Putin on Friday together with Aven's partner, Alfa Group founder Mikhail Fridman, to discuss the tax claim and the country's overall investment climate.
		Speculation even swirled on Thursday that Alfa Group's owners could soon be the target of a Yukos-style criminal probe, but the rumors were later flatly denied by spokespeople for both the Prosecutor General's Office and Alfa Bank.
	www.cdi.org /russia/johnson/9126-15.cfm (1424 words)

	[No title]
		The article suggested Alfa was facing financial difficulties during the small banking crisis last summer and described clients lined up outside bank branches to withdraw their savings.
		Alfa said it was pleased that Kommersant had showed "a high level of professional ethics" by deciding to promptly pay the court-ordered damages.
		Alfa's relations with the Kremlin have recently appeared to be on shaky ground, with back tax claims being filed against its telecommunications company VimpelCom.
	www.cjes.ru /about/?page=4&id=1771 (837 words)

	Alfa Bank Denies Crisis Rumors - MONEY - MOSNEWS.COM (Site not responding. Last check: 2007-10-01)
		Rushan Khvesyuk, the chairman of Alfa’s executive board, who signed the statement, said that the bank is fulfilling all of its obligations to its clients and is observing all the conditions stipulated in the contracts.
		The only condition that is stipulated in Alfa Bank’s statement is that “the sums equivalent to $10,000 have to be ordered in the bank ahead of time,” but the bank maintains that this practice is nothing new.
		Alfa Bank is among Russia’s five largest financial structures in terms of assets and capital.
	www.mosnews.com /money/2004/07/07/alfabank.shtml (597 words)

	Газета.Ru - Central Bank meddles in historic privatization deal
		Speaking at a conference dedicated to the restructuring of the banking system, Sukhov explained that the Central Bank wants ''legislation forcing information about who owns the bank, who controls it and who is responsible for what is going on in it to be free and available''.
		Especially since the corporations with which those banks cooperate (the Tyumen Oil Company and Sibneft, respectively), intend to take part in the bid for the sale of the government’s share in Slavneft, on which Pugachev and his allies from Rosneft and Gazprom have their designs.
		In this regard, it is worth noting that both Alfa Bank and the MDM Financial Group quite recently attracted huge loans through the issuing of Eurobonds.
	www.gazeta.ru /2002/12/10/CentralBankm.shtml (440 words)

	Alfa Bank
		Alfa Bank provides a full range of banking services — commercial banking, investment banking, asset management and insurance.
		The Bank has more than 80 branches across Russia and the CIS and fully licensed banking subsidiaries in Ukraine, Kazakhstan and the Netherlands.
		Inside Russia, Alfa Bank is a leader in mergers and acquisitions and debt capital markets and is one of the biggest issuers of banking cards.
	www.w2forum.com /i/Alfa_Bank (155 words)

	eXile - Issue #230 - Alfa Bank Fake Report (Site not responding. Last check: 2007-10-01)
		ast week, Alfa Bank's foreign clients were in for a shocker when they received an authentic-looking Alfa report predicting collapse and revolution in the coming years, and calling on its clients to oppose the Putin regime.
		Alfa Bank quickly disavowed the report, but the eXile managed to get an original pdf file of the infamous report, published for the first time in the English press.
		Most people believe it was Alfa's enemies, namely the clan led by Telecommunications Minister Leonid Reimann, who is locked in a shareholder battle and kompromat war with Alfa Bank.
	www.exile.ru /2006-January-27/alfa_bank_fake_report.html (421 words)

	CDS International: Alfa Fellowship Program
		The Alfa Fellowship Program is designed to address this problem by providing a new and exciting opportunity for professionals from the U.S. to live and work in Russia and to enable them to develop a genuine professional expertise in the New Russia.
		By sponsoring the Alfa Fellowship Program, Alfa-Bank is demonstrating its commitment to fostering a new generation of American and Russian leaders with the experience and expertise that is required for greater understanding and the sustainable improvement of important ties between the U.S. and Russia.
		The Alfa Fellowship Program will not sponsor a spouse's legal work status in Russia, and Fellows must inform the Program administration of any paid work their spouses are undertaking during the Program in Russia.
	www.cdsintl.org /fromusa/alfa.htm (2182 words)

	Amsterdam Trade Bank
		Amsterdam Trade Bank N.V. (ATB) was incorporated in the Netherlands in 1994 as a fully licensed bank.
		The Bank is a wholly owned subsidiary of OAO Alfa Bank, Moscow, the largest private commercial bank in the Russian Federation.
		Alfa Bank provides a full range of banking services, including: corporate banking, retail banking, investment banking, trade finance, insurance and asset management.
	www.atbank.nl /eng/vervolg1.html (677 words)

	Alfa-Bank's Shady Transactions - Pravda.Ru (Site not responding. Last check: 2007-10-01)
		The central office of the bank pretends it is happy to stay focused.They say, secretmachinations schemed by St.Petersburg officials of the bank could not have been disclosed without the Federal Security Service department from Russia's northern capital.
		To all appearances, the Moscow office of the bank decided to dismiss the management of the St.Petersburg bank branch after the visit of the investigators.
		The bank employed the same scheme while appropriating a loan to the sum of 19 million rubles in July 1999 and several times later.
	english.pravda.ru /main/18/89/355/11412_bank.html (1545 words)

	Kazakh Banking Moody’s assigns first time E+/B1/NP ratings to Alfa Bank Kazakhstan
		Alfa Bank Kazakhstan is a subsidiary of Russia's Alfa Bank.
		Moody’s suggested that the bank is unlikely to get any support from the Kazakh government in case of distress due to its small size and limited importance for the domestic economy.
		However, this is not the case with the parent bank, which will be able to support the small operations of its subsidiary and prefer to keep its good name and reputation, if there is any trouble.
	www.templetonthorp.com /fr/news355 (247 words)

	Bloomberg.com: Top Worldwide
		Private banks are struggling to stop a run on funds after the central bank in May shut down OOO Sodbusinessbank amid money- laundering accusations, sparking a cash crunch as banks stopped lending to each other.
		Alfa is one of the few banks to repay its bonds after surviving the 1998 crisis when the government's $40-billion debt default wiped out many of Russia's largest non-state lenders.
		Alfa may also be affected by speculation that authorities could target banks tied to Russia's richest men, known as the oligarchs.
	quote.bloomberg.com /apps/news?pid=10000006&sid=abLGb17Oatn4&refer=home (920 words)

	The St. Petersburg Times - Business - Banking Giants Aiming at Retail Primacy (Site not responding. Last check: 2007-10-01)
		Lebkovski said that the bank is targeting a broad range of clients, from low-income students to small and medium-size companies and wealthy individuals.
		Alfa Bank, which has more than 450,000 retail clients in 50 regions and $1 billion in deposits, expects its share of the retail market, which is dominated by state-owned Sberbank, to at least double from the current 3 percent within the next three years.
		Vladimir Savov, senior banking analyst at Brunswick UBS, said he doubts that Citibank will be able to attract the same broad range of clientele in Russia that it has in the United States.
	www.times.spb.ru /index.php?action_id=2&story_id=9895 (795 words)

	IPOC International Growth Fund, Ltd. :: Russian Oligarch Fridman, Corporation Sued for Racketeering, Fraud That Used ... (Site not responding. Last check: 2007-10-01)
		Alfa Capital Markets (USA), Inc: "Alfa Capital Markets (USA), Inc. ("Alfa Capital Markets") is a member of the Alfa Group and is a corporation organized under the laws of the United States with its principal place of business and office in New York City.
		Upon information and belief, Alfa Capital Markets was used to structure the laundering of the proceeds of the Fridman M.C. Enterprise for investment in the United States, such as the recent acquisition of Golden Telecom, Inc., a publicly held American company, controlled by the Alfa Group.
		Barclays Bank in New York and Chase Manhattan: "Using a number of intermediaries and at Rozhetskin's requirement, such money was wired from IPOC's account in Bermuda through Barclays Bank in New York and Chase Manhattan to Rozhetskin and his designees in November 2001." [pg.
	sev.prnewswire.com /banking-financial-services/20060609/DCF00709062006-1.html (2564 words)

	The St. Petersburg Times - News - Kommersant Ordered to Pay Alfa Bank $11M (Site not responding. Last check: 2007-10-01)
		Alfa, the country's largest commercial bank and part of Mikhail Fridman's Alfa Group empire, claimed the July 7 report in Kommersant caused its business to suffer and asked for 321 million rubles ($11.7 million) in damages, which the court reduced slightly.
		Alfa Bank spokesman Stanislav Ismagilov insisted that the suit was only an attempt to teach the media to be "responsible."
		Alfa Bank vice president Alexander Gafin said Alfa "has no intention to buy or destroy the newspaper," Interfax reported.
	www.sptimes.ru /story/1926 (566 words)

	Sponsors
		Alfa Bank has more than 80 branches across Russia and the CIS and fully licensed banking subsidiaries in Ukraine, Kazakhstan and the Netherlands.
		The Bank is a core holding of Alfa Group Consortium, a privately owned financial industrial group with interests ranging from oil and telecommunications to supermarkets and commodities trading.
		Alfa Bank is rated B- by Fitch IBCA, B1 by Moody’s and CCC+ by Standard and Poor’s.
	www.sachsforum.com /3ldn_iir/3ldniir_spon.html (1728 words)

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