Standard & Poor's raised Alfa-Bank’s national scale rating

On March 16, 2010 the independent international rating agency Standard & Poor's revised the rating outlook of Alfa-Bank (Ukraine) to “stable”. At the same time, “CCC+” long-term and “C” short-term counterparty credit ratings were affirmed. The Bank’s national scale rating was raised by two notches to “uaBB-“.

The outlook revision is based on the raise of ratings on Ukraine reflecting greater likelihood of stronger policy coordination to restore economic sustainability as well as Alfa-Bank’s expected improvement in capitalization due to completion of registering a UAH739.4 million capital increase.

Alfa-Bank (Ukraine) is a universal commercial bank that is part of the international Alfa Group Consortium. The Bank holds leading positions in all segments of the Ukrainian banking sector. According to the National Bank of Ukraine statistics, the Bank is in TOP10 banks in terms of total assets and is one of the leaders in terms of customer accounts of legal entities and growth rate of individual customers’ accounts according to the results of 2009.

Investor Relations