Alfa-Bank (Ukraine)

Joint-Stock Company Alfa-Bank is one of the largest Ukrainian commercial banks; it is a member of the international private investment holding company — ABH Holdings S.A. (ABHH), headquartered in Luxembourg.[2][3] According to the National Bank of Ukraine, the Bank was founded in 1993 and as of 2021, it is on the list of top 10 largest financial institutions in the country by asset size.[4] The Bank is a member of the Deposit Guarantee Fund [5] and it is identified as a systemically important bank in Ukraine.[6]

JSC ALFA-BANK
TypeJoint stock company
IndustryCommercial bank
Financial services
FoundedMarch 24, 1993 (1993-03-24). Licence: No. 61 of 5 October 2011, Parent company: ABH Holdings S.A., Luxembourg. Auditor: RSM International
Headquarters
Kyiv
,
Ukraine
Number of locations
210 branches and 706 ATMs, served 1.5 million natural and legal persons. Head office: 100 Velyka Vasylkivska St., Kyiv
Key people
Roman Shpek — Chairman of the Supervisory Board,
Viktoriya Mykhailo — Chairperson of the Management Board,
Rafal Juszczak — General Manager.
ProductsConsumer banking
Corporate banking
Investment banking
RevenueEquity: UAH 2.623 bln (31 December 2015) (31.12.2015)[1]
UAH 527 million (1 April 2019)
Total assets UAH 96.8 bln (1 March 2021)
OwnerMikhail Fridman, Pyotr Aven, German Khan
Number of employees
6,500 persons (1 January 2021)
WebsiteAlfaBank.ua

As of 1 January 2021, the ultimate owners, having a substantial shareholding in Alfa-Bank through holding companies ABH Holdings S.A. (Luxembourg), 57.6% of shares, and ABH Ukraine Limited (Cyprus), 42.4% of shares, are as follows:[7][8] Mikhail Fridman, a citizen of Israel, born in Lviv and residing in London — 32.86%; German Khan, a citizen of Israel, born in Kyiv and residing in London — 20.97%; two citizens of the Russian Federation residing in Moscow, who jointly hold a share of 28.72%.

According to the NBU, as of 1 March 2021,[9] the bank's assets amounted to UAH 96.8 bln. According to the bank, as of 1 January 2021, the bank had 210 branches and 706 ATMs, served 1.5 million natural and legal persons and employed over 6.5 thousand persons.[10]

History
Alfa-Bank in Lviv (2011)
Alfa-Bank in Odessa (2012)

Alfa-Bank Ukraine was founded on 24 March 1993 as a limited liability company named Consumer-Assisting Commercial Bank Vito, having its head office in Kyiv. Subsequent names: Kyivinvestbank (since 25 March 1996); JSCB Kyivinvestbank (since 15 April 1998); CJSC Alfa-Bank (since 26 January 2001); CJSC ALFA-BANK (since 2 October 2006); PJSC ALFA-BANK (since 21 July 2009); PJSC ALFA-BANK (since 15 February 2013); JSC ALFA-BANK (since 6 July 2018).[9]

In 2001, the bank became a member of the SWIFT system and an associated member of the VISA International. In the same year, the bank became a member of PFTS Stock Exchange and has been a member of its Council since August 2004.

On 26 December 2006, Alfa-Bank (Russia) sold its share in Alfa-Bank (Ukraine) to ABH Ukraine Limited. As of 1 January 2021, ABH Holdings S.A. owned 57.6% of the bank’s shares, and ABH Ukraine Limited owned 42.4% of the bank’s shares. However, beneficial shareholders of Alfa-Bank Ukraine have remained unchanged.

By 2006, the bank had transformed into a full-service bank with a strong presence in the corporate banking sector. The bank is simultaneously stepping up its presence in the retail banking sector.

In 2009, Closed Joint-Stock Company Alfa-Bank (CJSC Alfa-Bank) was renamed to Public Joint-Stock Company Alfa-Bank (PJSC Alfa-Bank), and in 2018, it was renamed to Private Joint-Stock Company Alfa-Bank.

From 2016 till October 2019, ABHH Group consolidated its assets in Ukraine (Alfa-Bank and Ukrsotsbank), which resulted in the establishment of one of the largest private banks in Ukraine.[11]

On 17 March 2020, due to the increased demand for foreign cash and limited supply of currency notes to Ukraine, Alfa-Bank temporarily suspended the sale of foreign cash in 45 branches of the bank during the day.[12]

Owners

Information about the ultimate key shareholders in the bank’s ownership structure as of 1 January 2021:[8]

№ / Shareholder / Percent of shares

  1. Mikhail Maratovich Fridman (born in Lviv, a citizen of Russia and Israel, residing in the United Kingdom) — 32.86%
  2. German Khan (born in Kyiv, a citizen of Israel and Russia, residing in the United Kingdom) — 20.96%
  3. Alexey Viktorovich Kuzmichev (a citizen of Russia) — 16.32%
  4. Petr Olegovich Aven (a citizen of Russia) — 12.40%
  5. UniCredit S.p.A. — 9.9%
  6. The Mark Foundation for Cancer Research — 3.87%
  7. Andrey Nikolaevich Kosogov (a citizen of Russia) — 3.67%

Management Board

As of June 3, 2021:[13]

  • Viktoriya Mykhailo — Chairperson of the Management Board
  • Rafal Juszczak — Member of the Management Board, General Manager
  • Vitali Dydyshka — Member of the Management Board, Director of Risk Management Division
  • Alexander Lukanov — Member of the Management Board, President
  • Robert Dzialak — Member of the Management Board
  • Dmitry Serezhin — Member of the Management Board, Chief Financial Officer
  • Polina Kharchenko — Member of the Management Board, Compliance and Financial Monitoring Director
  • Svitlana Cherkay — Member of the Management Board

Awards

In March 2021, Alfa-Bank was named the best bank in Ukraine by Global Finance.[14][15]

Social initiatives

In 2011–2017, Alfa-Bank was a partner of the first international jazz festival in Lviv, Alfa Jazz Fest. In 7 years, the bank’s initiative allowed for establishing an international music festival that has become an independent cultural event in Ukraine and, since 2018, after the rebranding, has been held under the name “Leopolis Jazz Fest”.

The bank was a Special Partner of the Ukrainian Lunch within the framework of the World Economic Forum in Davos as well as a Partner of the 9th Yalta Annual Meeting (YES) entitled “Ukraine and the World: Addressing Tomorrow’s Challenges Together”[16] and the 10th Yalta Annual Meeting “Changing Ukraine in a Changing World: Factors of Success”.[17]

References
  1. "Annual report for 2015" (PDF) (in Ukrainian). alfabank.ua. Retrieved 2016-09-26.
  2. "Банк АТ 'АЛЬФА-БАНК'". Національний банк України (in Ukrainian). Retrieved 2021-03-17.
  3. "Відомості про остаточних ключових учасників у структурі власності банку станом на 01 січня 2019 року" (PDF) (in Ukrainian).
  4. forinsurer.com. "Активы - Рейтинг банков Украины НБУ за 9 месяцев 2020 г. - ТОП 100 – Фориншурер". forinsurer.com (in Russian). Retrieved 2021-03-17.
  5. "Банки - учасники Фонду гарантування вкладів фізичних осіб". www.fg.gov.ua (in Ukrainian). Retrieved 2021-03-17.
  6. "Національний банк оновив перелік системно важливих банків". Національний банк України (in Ukrainian). Retrieved 2021-03-17.
  7. "Люксембурзька ABH Holdings стала володільцем 99,9% акцій Укрсоцбанку" (in Russian). 3 November 2016. Retrieved 13 April 2021.
  8. "Відомості про остаточних ключових учасників у структурі власності банку станом на 01 січня 2021 року" (PDF) (in Ukrainian). Національний банк України. Retrieved 1 January 2021.
  9. "Банк АТ 'АЛЬФА-БАНК'" (in Ukrainian). НБУ.
  10. "Макроекономічний прогноз: Вектор відновлення зберігається" (in Ukrainian). Альфа-Банк. 15 April 2021.
  11. ""Укрсоцбанк" объединят с "Альфа-Банком"". www.unian.net (in Russian). Retrieved 2019-08-05.
  12. «Альфа банк» припинив продаж і видачу готівкових доларів, Європейська правда, 17 березня 2020
  13. "Management Board". alfabank.ua. Retrieved June 3, 2021.
  14. "Global Finance Announces its 28th Annual Best Bank Awards and Names the Best Banks in Central & Eastern Europe 2021". Global Finance Magazine. 2021-03-18.
  15. Марія Шевчук (2021-03-23). "Global Finance визнало Альфа-Банк найкращим банком в Україні" (in Ukrainian). OBOZREVATEL.
  16. "9-а щорічна зустріч у Ялті, 2012 рік: Партнери". Archived from the original on 2014-04-19. Retrieved 2014-04-17.
  17. Прес-реліз Ялтинської зустрічі 2013
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