Alfa-Bank

Alfa Bank JSC
Native name
Альфа-банк АО
Company typeJoint stock company
IndustryFinancial services
Founded20 December 1990 (1990-12-20)
Headquarters
Moscow
,
Number of locations
486 offices[1]
Products
Increase US$ 1.35 billion (2020)[1]
Total assetsIncrease US$ 61.85 billion (2020)[1]
Total equityIncrease US$ 8.67 billion (2020)[1]
OwnerMikhail Fridman
Pyotr Aven
German Khan
Number of employees
26,008 (2020)[1]
RatingBa2 (Moody's), BB+(S&P),[2] BBB− (Fitch) (2021)[3]
WebsiteAlfaBank.ru

Alfa-Bank JSC[4] (Russian: Альфа-банк АО) is the largest of the private banks in Russia.[5] It was founded in 1990 by Russian businessman Mikhail Fridman, who remains the controlling owner. Headquartered in Moscow, it operates in seven countries, providing financial services to 22 million active corporate customers and over 1 million active retail clients as of 2021.[1] On 1 March 2022, Mikhail Fridman and Pyotr Aven left the bank's board of directors[6] after coming under EU sanctions imposed in response to the 2022 Russian invasion of Ukraine. For the same reason, the bank has been sanctioned by US and EU authorities beginning in February 2022 and 2023, respectively.

  1. ^ a b c d e f "Annual Report 2020" (PDF). Alfa-Bank. Archived from the original (PDF) on 14 February 2022. Retrieved 16 September 2021.
  2. ^ "Credit Ratings - 2017". alfabank.com. 21 March 2018. Archived from the original on 21 March 2018. Retrieved 21 March 2018.
  3. ^ "Fitch повысило Альфа-Банку рейтинг до "ВВВ-"" (in Russian). banki.ru. 1 April 2021.
  4. ^ "Central Bank of Russia", cbr.ru, retrieved 7 October 2021
  5. ^ "Top Banks in Russia - Overview and Guide to Top 10 Russian Banks". Corporate Finance Institute.
  6. ^ "Milliardery". Forbes.ru. Retrieved 19 March 2022.

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