Alfa Bank, the corporate treasury of the Alfa Group, is one of the largest commercial banks in the Russian Federation. Its headquarters are in Moscow, Kalanchevskaya street. The Alfa Group Consortium is one of Russias largest privately owned financial-industrial conglomerates, with interests in oil and gas, commodities trading, commercial and investment banking (Alfa Bank), insurance, retail trade and telecommunications. ... Jump to: navigation, search Moscow (Russian: МоÑкваÌ, Moskva, IPA: listen â–¶(?)) is the capital of Russia, located on the river Moskva. ...
Bank lending remains tied to the structures of Russias financial-industrial groups, with intragroup credits accounting for an estimated 43 percent of total credit, and the government or leading domestic companies continue to run the largest banks.
Bank capital, which fell to one-quarter of its precrisis level after the collapse, stood 14.7 percent above its July 1998 level at the end of the first quarter of this year (in inflation-adjusted terms) and was equivalent to 5.1 percent of GDP, as opposed to 4.6 percent in July 1998.
The banks are much larger net creditors of the real sector than they were: their net claims on the nonfinancial private sector at the end of the first quarter stood at 7.6 percent of GDP, up from 4.4 percent in January 1998.
The elite banks and their FIGs are also the key financial players in the constantly shifting, informal networks of competing alliances--sometimes called clans--that dominate Russian politics.
Authorized banks are entitled to handle funds of central or local governments (table 2); for example, they may collect and transfer to the state budget customs payments and tax revenues.
Alfa Group is led by Chairman of the Board Mikhail Fridman and President Pyotr Aven (former Minister of Foreign Economic Relations, Russia).
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