Alfa Bank JSC, the corporate treasury of the Alfa Group, is one of the largest private commercial banks in Russia. It was founded by Russian businessman Mikhail Fridman, who is still the controlling owner today. It is headquartered in Moscow. It operates in seven countries, providing financial services to over 381,600 active corporate customers and 14.2 million retail clients. Alfa-Bank is particularly active in Russia and Ukraine, ranking among top 10 largest banks in terms of capital in both countries. In the 2009 edition of the Top-1000 World Banks, a survey by The Banker magazine, Alfa-Bank was placed 270th.
|Joint stock company|
Number of locations
|723 offices in 7 countries|
|US$ 798 million (2017)|
|Total assets||US$ 44.7 billion (2017)|
|Total equity||US$ 6.3 billion (2017)|
|Owner||Mikhail Fridman, Pyotr Aven, German Khan|
Number of employees
|23,000 (March, 2018)|
|Rating||Ba2 (Moody's), BB+(S&P), BB+ (Fitch) (2017)|
- 1990 – Alfa-Bank founded as a partnership with limited liability by Russian entrepreneur Mikhail Fridman.
- 1991 – Licence to banking operations received from Central Bank of Russia and first corporate accounts open.
- 1992 – Central Bank grants more licences for broader activities. Alfa-Bank opens first nostro accounts in six foreign banks. First retail branch opens in Moscow.
- 1993 – Alfa-Bank becomes a member of Moscow Interbank Currency Exchange. General license to banking operations received from Central Bank. Alfa-Bank starts dealing in government bonds (GKOs and OFZs).
- 1994 – Alfa-Bank becomes a member of MasterCard/Europay international credit card system and joins the Society for Worldwide Interbank Financial Telecommunication. Pyotr Aven appointed as bank's President. Alfa-Bank becomes the first Russian bank to open a subsidiary in Almaty, Kazakhstan.
- 1995 – Euromoney ranks Alfa-Bank third in its category for "Best Russian Banks in 1995". Alfa-Bank joins Factors Chain International. A representative office opens in London, United Kingdom.
- 1996 – Alfa-Bank joins Euroclear and Visa International. It becomes one of the three participants in the first Eurobonds issue by Russian government since the October Revolution. Alfa-Bank opens branch in Nizhniy Novgorod.
- 1997 – Alfa-Bank draws $40 million syndicated loan. Euromoney declares Alfa-Bank "The Best Bank in Russia in 1997". First credit ratings received from Moody's and Standard & Poor's (S&P). Alfa-Bank places the first issue of $175 million, 3-year Eurobonds, becoming the first privately owned Russian bank to issue Eurobonds. Branches in Saint Petersburg and Samara open. The value of total assets passes $1 billion.
- 1998 – Alfa-Bank is reorganized from limited liability company into open joint stock company. Euromoney ranks Alfa-Bank "The Best Bank in Russia" for the second straight year. Alfa-Bank merges with Alfa Capital, then a sister company of Alfa Group. A subsidiary bank opens in Novosibirsk, Russia's third most populous city.
- 1999 – Euromoney and Global Finance name Alfa-Bank "The Best Russian Bank" despite the financial crisis. 14 new retail branches and offices open across Russia.
- 2000 – Alfa-Bank acquires a 76% stake in Kyivinvestbank (later renamed "Alfa Bank Ukraine"). The Banker and Global Finance magazine name Alfa-Bank "The Best Russian Bank". Alfa Securities, a broker and a subsidiary, opens in London.
- 2001 – By the end of first quarter, loan portfolio reaches $1 billion; Alfa-Bank opens a subsidiary in New York City, Alfa Capital Markets, a NASD (now Financial Industry Regulatory Authority (FINRA)) regulated company set up to provide brokerage and investment services in North and South America. Emerging Markets Investor and Global Finance name it "Best Bank in Russia". Alfa-Bank becomes 100 percent owner of Amsterdam Trade Bank N.V. and thereby acquires a full banking licence in the European Union.
- 2002 – Gazprom and Alfa-Bank reach an agreement on strategic partnership. Together with Merrill Lynch, Alfa-Bank wins financial consulting contract from Unified Energy System. Fitch and S&P upgrade their credit rating on Alfa-Bank. Once again Global Finance magazine declares Alfa-Bank "The Best Russian Bank".
- 2003 – Unaudited financial statements reveal record high growth in profits in 2002 (loan portfolio increased 70% to $1.4 billion, assets surged 51%, while net income rose by more than a third). Alfa-Bank, in partnership with the Lauder Institute of the Wharton School of Business, establishes a new award for "Excellence in Foreign Investment", which would be presented to foreign companies operating in Russia for weighty contribution to the corporate governance and successful business operations. Alfa-Bank draws $82 million unsecured syndicated loan, the biggest on record among private banks. S&P, Fitch, and Moody's upgrade Alfa-Bank's rating during the year.
- 2004 – Alfa-Bank tops the list of financial consultants by deals value, completing $8.9 billion worth of transactions in 2003. Alfa-Bank's loan portfolio grows by 52% year-over-year, reaching $2.8 billion. It wins a $10 million defamation settlement against the Russian newspaper Kommersant, which had published an article on financial difficulties at the bank, which suffered a substantial run on deposits and contributed to a mini banking crisis over the summer.
- 2005 – Interbrand ranks Alfa-Bank "9th strongest brand" in Russia. Mikhail Fridman becomes the member of the Public Chamber of Russia. Alfa-Bank issues $225 million of subordinated unsecured Eurobonds. S&P, Fitch, and Moody's upgrade Alfa-Bank's rating during the year.
- 2006 – Alfa-Bank completes the country’s first securitisation of diversified payment rights with a $350 million deal. Unaudited first quarter management International Financial Reporting Standards figures show total assets breaking the $10 billion mark for the first time in company's history.
- 2007 – In connection with the closure of Sodbiznesbank in 2004, Alfa-Bank is searched by Russian police in September. Fitch upgrades Alfa-Bank's rating.
- 2008 – Alfa-Bank seeks $400 million government loan in October. It deploys 20,000 Aladdin eToken USB smartcard devices to its online customers. The bank acquires Severnaya Kazna, a major regional bank operating in the Urals region.
- 2009 – Fitch downgrades Alfa-Bank's rating.
- 2010 – Alfa-Bank launches a $1 billion 7-year Eurobond.
- 2011 – Alfa-Bank seeks to buy Bank of Moscow, but the sale goes to VTB Bank.
- 2012 – In cooperation with Euroset, Alfa-Bank launches a loyalty-card credit programme.
- 2014 – Russian loyalty card program called "Alfa-Amway" was created when Amway joined with Alfa-Bank.
- 2016 – On 31 October and 2 November, Franklin Foer reported in Slate that there had been unusual repeated activity from 4 May to 23 September 2016 between two computer servers registered to Alfa-Bank in Moscow and a server owned by the Trump Organization. The activity also included, to a lesser extent, communications to a server at Spectrum Health, a medical facility chain led by Dick DeVos, the husband of Betsy DeVos and brother-in-law of Erik Prince. The FBI investigated the computer server activity between the Trump Organization and Alfa-Bank.
- 2017 – In January, the Trump–Russia dossier, prepared by former MI6 agent Christopher Steele and denoting various ties between Trump and Russia, was published in full in BuzzFeed News; the dossier mentions Alfa-Bank's parent company Alfa Group (spelled "Alpha Group" in the dossier).
- On 10 March, CNN reported that the FBI was continuing to investigate the unusual computer activity between Alfa-Bank and the Trump Organization which had occurred in the summer of 2016, and which had been reported in the media just before the U.S. presidential election. Also in March, Alfa-Bank was the target of Ukrainian protests.
- In May, the owners of Alfa-Bank filed a defamation lawsuit against BuzzFeed for publishing the unverified Trump–Russia dossier, which alleges financial ties and collusion between Vladimir Putin, Donald Trump, and Alfa-Bank's owners.
- In June, President Trump nominated Brian Benczkowski, the bank's former attorney, to be United States Assistant Attorney General for the Criminal Division.
- In October the owners of Alfa-Bank filed a libel suit against Fusion GPS and Glenn Simpson, for circulating the Trump–Russia dossier among journalists and allowing it to be published.
- In December, Alfa-Bank's wholly owned Dutch subsidiary, Amsterdam Trade Bank, was raided in connection with an investigation into possible money laundering.
- 2018 – In April, the owners of Alfa-Bank, Mikhail Fridman, Petr Aven, and German Khan, filed a libel suit against Christopher Steele, creator of the Trump-Russia dossier, and Orbis Business Intelligence, since the Trump dossier alleges financial ties and collusion between Putin, Trump, and the three bank owners. The lawsuit was filed in the Superior Court of the District of Columbia and then dismissed with prejudice the following August.
- In July, BuzzFeed News publishes that, from December 2014 to the summer of 2017, numerous suspicious money transfers occurred among Paul Erickson's accounts including Well Fargo Bank accounts, an undisclosed law firm, the NRA, Jack Abramoff's son Alex and Jack's brother Robert company Landfair Capital Consulting, which was started in March 2017, and Maria Butina's Alfa-Bank account. Investigators from Wells Fargo reported these suspicious money transfers to the United States Treasury's Financial Crimes Enforcement Network (FinCEN) and to the FBI.
- "Fact Sheet". Alfa Bank. Archived from the original on 5 April 2011. Retrieved 21 March 2018.
- ABH Financial Limited. "Fact Sheet". alfabank.com. ABH Financial Limited. Retrieved 21 March 2018.
- "Credit Ratings - 2017". alfabank.com. 21 March 2018. Retrieved 21 March 2018.
- "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
- "Russian Banks: In the shadow of giants". The Economist. The Economist Newspaper Limited. 398 (8721): 71. 19–25 February 2011.
- "Corporate Profile". Alfa-Bank. Retrieved 2011-03-20.
- "Archived copy". Archived from the original on 20 February 2011. Retrieved 2011-03-22.
- "Top 200". Profile.ru (in Russian). Archived from the original on 1 October 2011.
- Merge and Acquire, The Ukrainian Week (9 October 2015)
- "Top-1000 World Banks by The Banker magazine". Venchur.ru. Russian Venture Investment Center. 5 July 2010. Archived from the original on 21 March 2017. Retrieved 12 April 2017.
- "Bank's History" (in Russian). Alfa-Bank. Retrieved 2011-03-20.
- Bank, Alfa (31 December 1998). "Alfa-Bank Annual Report 1998" (PDF). alfabank.com. Alfa-Bank. Retrieved 21 March 2011.
- Jack, Andrew (20 October 2004). "Russian newspaper faces $10m bill for defamation". Financial Times. Retrieved 22 April 2018.
- Hannah Gardner and Torrey Clark (6 September 2007). "Russian Police Search Alfa Bank, Seize Documents (Update2)". Bloomberg L.P. Archived from the original on 28 April 2012. Retrieved 2 May 2012.
- "Fitch Upgrades Russia's Alfa Bank to 'BB'; Outlook Stable". CbondS Financial Information. 11 December 2007. Retrieved 2 May 2012.
- Vasilyeva, Nataliya (31 October 2008). "Russia's Alfa Bank asks $400 million from state". USA Today. Retrieved 2 May 2012.
- "Russian Bank Secures Online Banking With Aladdin Authentication". IT Business Net. 15 December 2008. Retrieved 2 May 2012.
- "Archived copy". Archived from the original on 17 November 2012. Retrieved 2012-12-17. Severnaya Kazna integration
- "Fitch Downgrades Russia's MDM and Alfa; Other Banks on Negative Outlook". CbondS Financial Information. 27 March 2009. Retrieved 2 May 2012.
- "Russia Alfa Bank launches $1 bln Eurobond-sources". Reuters. 17 September 2010. Retrieved 2 May 2012.
- "Alfa Bank Eyes Bank of Moscow Stake – report". Reuters. 24 January 2011. Retrieved 2 May 2012.
- "Euroset, Alfa Bank Launch Loyalty Card Credit Programme". Telecom Paper. 14 March 2012. Retrieved 2 May 2012.
- Dexter Filkins (October 15, 2018). "Was There a Connection Between a Russian Bank and the Trump Campaign? A team of computer scientists sifted through records of unusual Web traffic in search of answers". NewYorker.com. Retrieved 12 October 2018.
- Foer, Franklin (31 October 2016). "Was a Trump Server Communicating With Russia?". Slate. Retrieved 6 April 2017.
- Foer, Franklin (2 November 2016). "Trump's Server, Revisited". Slate. Retrieved 6 April 2017.
- DuVall, Eric (1 November 2016). "Donald Trump email server with ties to Russia's Alfa Bank questioned". UPI. Retrieved 12 April 2017.
- Brown, Pamela; Pagliery, Jose (10 March 2017). "Sources: FBI investigation continues into 'odd' computer link between Russian bank and Trump Organization". CNN. Retrieved 11 April 2017.
- Kristof, Nicholas (9 March 2017). "Connecting Trump's Dots to Russia". The New York Times. Retrieved 20 April 2017.
- Bertrand, Natasha (26 March 2017). "A timeline of events that unfolded during the election appears to support the FBI's investigation into Trump and Russia". Business Insider. Retrieved 20 April 2017.
- "Trump dossier: Christopher Steele, ex-MI6 officer, named as author". The Guardian. 12 January 2017. Retrieved 12 January 2017.
- Edward, Jim (11 January 2017). "TIMELINE: That Russian Trump blackmail dossier has been making the rounds for months — here is how it finally came to light". Business Insider. Retrieved 20 April 2017.
- Bertrand, Natasha (10 March 2017). "The FBI is reportedly examining why a Russian bank with ties to Putin wanted to reach the Trump Organization during the campaign". Business Insider. Retrieved 20 April 2017.
- on YouTube Radio Free Europe/Radio Liberty
- Porter, Tom (27 May 2017). "Russian Bankers Sue BuzzFeed Over Publication Of Unverified Trump Dossier". Newsweek. Retrieved 28 May 2017.
- Gerstein, Josh (26 May 2017). "Russian bank owners sue BuzzFeed over Trump dossier publication". Politico. Retrieved 28 May 2017.
- Charlie Savage; Adam Goldman (25 July 2017). "Justice Dept. Nominee Says He Once Represented Russian Bank". The New York Times. p. A11. Retrieved 26 July 2017.
- Gerstein, Josh (October 4, 2017). "3 Russians named in Trump dossier sue Fusion GPS for libel". Politico. Retrieved March 29, 2018.
- "Dutch subsidiary of Russia's Alfa-Bank raided in money laundering investigation". Reuters. 12 December 2017. Retrieved 31 March 2018.
- Pieters, Janene (21 March 2017). "Dutch Banks Accused of Aiding Russian Money Laundering Scheme". Netherlands Times. Retrieved 31 March 2018.
- Polantz, Katelyn (April 20, 2018). "3 Russian oligarchs sue Christopher Steele". CNN. Retrieved April 22, 2018.
- "Mikhail Fridman, Petr Aven, and German Khan v. Orbis Business Intelligence Limited and Christopher Steele" (PDF). April 16, 2018. Retrieved August 20, 2018 – via CNN.
- Smith, Geoffrey (11 January 2017). "Here's Why Russian Intelligence Bombshell on Donald Trump Might Be Believable". Fortune. Retrieved 5 April 2018.
- Sommer, Allison Kaplan (11 January 2017). "Controversial Dossier on Trump Alleges That Russia Targets Jewish-American Businessmen". Haaretz. Retrieved 5 April 2018.
- "Russia's Alfa Bank fails in lawsuit over Steele's Trump dossier". MSNBC (video). The Rachel Maddow Show. August 20, 2018. Retrieved August 20, 2018.
- Leopold, Jason; Cormier, Anthony (July 31, 2018). "Here Is The Money Trail From The Russian "Agent" And Her Republican Partner: Federal investigators say some of the money went to Maria Butina's campaign to help Russia infiltrate American politics". BuzzFeed News. Retrieved October 15, 2018.