The Bank was founded as a limited liability company under the laws of Ukraine on 18 November 1992, was registered with the NBU on 24 March 1993 and began its operations under the name Commercial Bank for Consumer’s Co-operation “Vito” from its head office in Kyiv. In 1995 the Bank was reorganized into Limited Liability Company Commercial Bank “Kyivinvestbank”, which in turn was reorganized into Stock Commercial Bank “Kyivsky Investytsiyny Bank” in 1997. The Bank has operated under its current name since January 2001.
The Bank was registered with the NBU in the State Register of Banks on 24 March 1993 under registration number 158. Its current banking license and its NBU permit for conducting certain types of banking activities were renewed on 3 December 2001, 25 June 2007 and 31 July 2008, respectively.
On 2 September 1999 the Bank was registered as a member of the Fund for the Guaranteeing of Deposits of Individuals.
In 2001, the Bank became a member of the Society for Worldwide Interbank Financial Telecommunications (“SWIFT”), allowing it to offer new electronic payment services. In 2001, the Bank became an associated member of VISA International and began offering VISA cards to its customers. In addition, in 2001 the Bank joined the Ukrainian First Stock Trading System (“PFTS”) and has been a member of its Council since August 2004.
In 2002, the Bank began to offer a full range of services for placing domestic bond issues of Ukrainian companies. In 2002 the Bank obtained a license issued by the State Securities and Stock Market Commission (the “SSSMC”) allowing the Bank to conduct specific professional activities on the Ukrainian securities market. The license was reissued in 2007 and expires on 12 October 2012.
During 2002 and 2003, the Bank began developing its branch network, with the establishment of branches in Donetsk, Kharkiv and Dnipropetrovsk.
In the period from 2001 to 2005, the Bank focused on developing its corporate customer base.
In 2003 CJSC Alfa-Bank entered into an agreement to provide for transactions processing and servicing the plastic cards by Visa International, issued by the Bank, being performed by the third-party processor (TPP) of OJSC "Ukrcard". As of the end of 2007, the Bank launched the new product of "credit card", which is being served for transactions and maintenance by the third-party processor of CJSC "The Ukrainian Processing Centre" (UPC). In 2008, all new and existing products were being shifted gradually for transactions and maintenance to CJSC "The Ukrainian Processing Centre" (UPC).
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YE05 Assets | US$422m* |
| YE05 Loan portfolio | US$310m* | |
| YE05 Equity | US$44m* |
The Bank has launched a series of new products and services, including consumer finance in August 2005, auto loans in May 2006 and mortgages in 2006.
In December 2005, the Alfa Banking Group decided to restructure it`s banking operations. On 26 December 2006 Alfa-Bank Russia completed the sale of the entirety of its shareholding in the Bank to ABH Ukraine Limited. ABH Ukraine Limited, a company incorporated under the Laws of Cyprus, is the primary shareholder of the Bank. This restructuring did not change the beneficial shareholders of the Bank and is in line with the Bank`s business strategy.
In July 2006, the Bank started to provide quotations on security positions through Reuters and Bloomberg.
By 2006, the Bank had become a universal bank with a strong presence in the corporate banking sector and an expanding presence in the retail banking sector.
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YE06 Assets | US$1.237m* |
| YE06 Loan portfolio | US$952m* | |
| YE06 Equity | US$98m* |
In 2006, 2007 and the first quarter of 2008, the Bank continued its regional expansion and established operations in every Ukrainian region.
On 12 October 2007, the SSSMC issued four separate licenses to the Bank allowing it to perform various professional activities on the stock market (brokerage, dealing, underwriting and custodian services). These licenses are valid until 12 October 2012.
In April 2007, the Bank has launched its SME business and has provided a range of products and services.
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YE07 Assets | US$2.598m* |
| YE07 Loan portfolio | US$2.261m* | |
| YE07 Equity | US$313m* |
On July 7, 2008, International Rating Agency Standard & Poor's assigned CJSC “Alfa-Bank” (Ukraine) 'B+' long-term and 'B' short-term counterparty credit ratings, and 'uaA' national scale rating.
On July 31, 2008, the Bank was entitled to conduct operations/deals with precious metals on foreign exchange market of Ukraine.
On August 08, 2008, the state registration of the new edition of the Articles of Association for CJSC Alfa-Bank (Ukraine) was completed. In the new edition of the Articles of Association, the Bank’s share capital was increased to UAH 2,249,710,000 by the General Meeting of shareholders of CJSC Alfa-Bank (Ukraine).
On September 15, 2008, the Alfa-Bank Group’s Corporate Centre was established. The Corporate Centre is expected to handle coordination of banking business development within the Alfa-Group Consortium, including purchase of other banks, the coordination of the Group’s borrowings on the global capital markets, and the standardization of approaches for risk management, IT and HR.
In 2008 Alfa Bank Ukraine ranks 2nd on informational transparency among Ukrainian banks according to 2008 Standard&Poor’s survey. Also Alfa-Bank ranks 1st on disclosure of financial and operational information.
On December 05, 2008, the state registration of the new edition of the Articles of Association for CJSC Alfa-Bank (Ukraine) was completed. In the new edition of the Articles of Association, the Bank’s share capital was increased to UAH 2,976,565,000 by the General Meeting of shareholders of CJSC Alfa-Bank (Ukraine).
For 12 months 2008 years the retail network of Alfa-bank expanded more than twice by the end of December 2008 to 63 standard branches.
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YE08 Assets | US$3.765m* |
| YE08 Loan portfolio | US$3.133m* | |
| YE08 Equity | US$447m* |
At the beginning of 2009, the Bank completed the 1st phase of implementation of T24 automated banking system.
On February 16, 2009, the first A-CLUB branch was opened in the shopping center «Arena-City». A-CLUB is an exclusive system of bank service from Alfa-bank, which provides a high-quality service, confidentiality, and achievement of maximum financial result.
On May 14, 2009, based on its 2008 deliverables, Alfa-Bank (Ukraine) was assigned the top reliability rating, “A+”, meaning a high reliability rating, with a neutral outlook by Expert Rating agency.
On August 19, 2009, the state registration of amendments to the Articles of Association of CJSC "Alfa-Bank" was accomplished due to the fact that the name of Closed Joint-Stock Company "Alfa-Bank" (CJSC "Alfa-Bank") has been changed to Public Joint Stock Company "Alfa-Bank" (PJSC "Alfa-Bank").
On October 16, 2009,
Alfa-Bank (
On October 30, 2009,
Alfa-Bank (
On November 19, 2009,
Alfa-Bank (
On November 30, 2009, the General Shareholders Meeting took the decision to increase the Bank’s share capital The increase will be carried out by means of the private placement of 739.435 million of ordinary registered shares with a nominal value of UAH 1.
On May 11, 2010, the state registration of the new edition of the Articles of Association for PJSC Alfa-Bank (Ukraine) was completed. In the new edition of the Articles of Association, the Bank’s share capital was increased to UAH 3,715,997,295.
On July 9, 2010, modifications were introduced into the Alfa-Bank (Ukraine) shareholders register due to the recent increase of share capital. As the result, Alfa-Bank (Russia) became holder of 19.9% Bank's shares.
On January 31, 2011, Alfa-Bank (Ukraine) has paid the second tranche under its Amortising Loan Participation Notes in a par value of USD 105.1 million and coupon yield of USD 23.9 million.
On February 25, 2011, Alfa-Bank (Ukraine) starts to propose a unique product for individuals “Express credit”. Loans are limited by the amount of 15,000 Ukrainian hrivnya and can be used to purchase household items and appliances. Clients are able to control servicing of their debt via "MyAlfabank", repack the initially agreed terms and use insurance coverage.
In March 2011, Alfa-Bank (Ukraine) started a cooperation with leasing company “Lend-Liz” to propose to its SME clients leasing services and products. The Bank considers the Ukrainian leasing market to be underdeveloped, therefore representing an opportunity for further expansion and aims to broaden its operations in this.
On May 31, 2011, Standard & Poor's Financial Services LLC upgraded Long-term foreign-currency Issuer Default rating of Alfa-Bank Ukraine to B-(Stable) from CCC+. The agency considers that the severe market pressure on Alfa-Bank Ukraine has reduced and ABU is now on the road to recovery amid the Ukraine's stabilizing operating environment.
On April 28, 2011, Alfa-Bank Ukraine has paid the third tranche under its Amortising Loan Participation Notes in a par value of USD 105.1 million and coupon yield of USD 20.5 million
On July 27, 2011, Alfa bank Ukraine has opened a unique highly equipped Operational center in Chernigov. Operational central is the biggest operation center in Ukraine which will centralize such operations as monitoring and transactions support, document control, underwriting and centralize call-center of customers support which will optimize and enhance business process in the Banks.
On July 29, 2011, Alfa-Bank (Ukraine) has paid the fourth tranche under its Amortising Loan Participation Notes in a par value of USD 105.1 million and coupon yield of USD 17.1 million.
On 19 August 2011, Fitch Ratings has assigned Alfa-Bank (Ukraine) a Long-term foreign-currency Issuer Default Rating B- (Stable). The ratings reflect Fitch’s assessment of potential assistance from ABU’s shareholders, in particular through their largest financial asset and through their other substantial business interests in Ukraine.
In August 2011, the General Shareholders’ Meeting of the Bank appointed Mr. Petr Aven as a Head of Supervisory Board and Mr. Alexey Marey and Andrey Baranov to the position of Members of the Supervisory Board.
On October 28, 2011, Alfa-Bank (Ukraine) has paid the fifth tranche under its Amortising Loan Participation Notes in a par value of USD 105.1 million and coupon of USD 13.7 million.
On November 3, 2011 the state registration of the new edition of the Articles of Association for PJSC «ALFA-BANK» was completed. In the new edition of the Articles of Association, the Bank’s share capital was increased to UAH 4,639,120,959.
*In accordance with IFRS financials: http://www.alfabank.com.ua/eng/investor/reports/
