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Alfa Bank Nov 05
Standard & Poors, Nov 2005
Abstract
Strong growth prospects, Growing business diversification, Good management team compared with those of Russian peers, and Strong shareholder support. Risky operating and legal environment in Russia; High single-party concentrations in loans and deposits; and The challenge, as for all Russian banks, of competing with market leader Sberbank. The ratings on Russia-based Alfa Bank reflect its still-high single-party loan and deposit concentrations and the country's continued risky operating environment. These negative factors are somewhat offset by the bank's strengthening franchise and broadening business diversification, good financial and commercial performance, as well as the continued and demonstrated shareholder support. Alfa Bank is the largest private bank in Russia, with total assets of $8.2 billion at June 30, 2005. The bank holds only...
Companies mentioned in this report are: OJSC Alfa-Bank,BP PLC,Vimpel-Communications (JSC),TNK-BP International Ltd.,Golden Telecom Inc.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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