Global Finance

Global Finance names Alfa-Bank Best Forex Bank in Russia for 2005 — New York, USA

Alfa-Bank has been voted Best Forex Bank in Russia by Global Finance for two consecutive years.

“Success in FX these days means in-depth knowledge of the market, understanding mechanisms of its functioning and trends, creating a good product range, building up client base as well as a concerted and diligent work of the whole team starting with traders and sales force and ending with the back office, said Sergei Rodionov, Head of Capital Markets Division at Alfa-Bank.

This Award Report will be published as part of an exclusive survey in the April 2005 issue. In that issue the magazine will also publish rankings for “The Best Companies in Russia”, broken down by sector.

Global Finance editors — with input from end users, analysts, corporate reports and other expert sources — selected the best banks on a variety of criteria, both objective and subjective. Factors considered included: market leadership, innovation, commitment to markets and evidence of long-term strategy. “The Russian banking sector continued to show resilience and the ability to innovate and adapt,” said Global Finance publisher Joseph D. Giarraputo. “That’s recognized in our awards, for which there were strong competitors in every category. Russia’s banks show every sign of being able to mature and meet coming challenges in financing the country’s companies, consumers and savers.”

Alfa-Bank’s Foreign Exchange and Money Market department is headed by Igor Vasiliev.

Global Finance, which celebrates its 18th year of publishing in 2005, has 50,000 subscribers and more than 250,000 readers in over 158 countries. This audience includes chairmen, presidents, CEOs, CFOs, treasurers, and other financial officers responsible for making investments and strategic business decisions for large global companies and financial institutions. Global Finance targets most of the 8,000 key portfolio investors who control over 80% of all assets under professional management.