Alfa Bank Corporate Profile Our Business Investor Relations Responsibility Press Center pyc eng S&P Global Ratings upgraded ratings on Alfa-Bank to ‘BBB-’ with “Stable” outlook 13 Oct 2021 S&P Global Ratings upgraded ratings on Alfa-Bank to ‘BBB-’ – up to the level of Russia’s sovereign credit rating – the outlook is “Stable”. In April 2021 Alfa-Bank also received the investment grade from FitchRatings (BBB-, “Stable” outlook). Alfa-Bank is the only privately owned bank in Russia with any investments-grade credit ratings, one of which is at the level of sovereign. S&P mentioned that this rating action reflects the bank’s consistently good operating performance, stable asset quality metrics, and solid track record of navigating through turbulence. In first-half 2021, the bank’s annualized return on assets reached 2.8% with a cost-to-income ratio of 37%, which compares favorably with those of the bank’s Russian and international peers. “Alfa-Bank remains the largest, most stable and efficient private Russian bank. And it continues to grow dynamically. The ratings upgrade is another confirmation of Alfa-Bank’s reliability and sustainability. Consistently excellent performance is the result of well-implemented clear strategy, aimed at strengthening of market positions, digitalization, scaling up the Phygital branch network, and provisioning of high quality banking service to our clients”, said Alexei Tchoukhlov, Deputy Chairman of the Executive Board, Chief Financial Officer. S&P believes that Alfa-Bank’s earnings buffer is stronger than that of its peers, which indicates that Alfa-Bank has greater capacity to cover normalized losses than peers, and this continues to support its capital base. Also S&P notes the Alfa banking group’s efficient risk-management framework, which supports high quality of assets, even in challenging operating conditions. S&P upgraded rating on ABH Financial Holdings Ltd. (ABHF) by two notches to ‘BB+’, the outlook is “Stable”. © 2001–2021 Alfa-Bank. All rights reserved Regulated by the Central Bank of the Russian Federation (General License No 1326 of 16 January 2015) Corporate Profile Our Business Investor Relations Responsibility Help Privacy and Cookies Legal .cls-1{fill:#cad8dd;} .cls-1{fill:#cad8dd;} .cls-1{fill:#cad8dd;} .cls-1{fill:#cad8dd;fill-rule:evenodd;} .cls-1{fill:#cad8dd;} We are in social media alfabank.ru 27 Kalanchevskaya str. Moscow, Russia, 107078 +7 495 620-91-91