Alfa Bank Kazakhstan

DB Alfa-Bank JSC is a subsidiary bank of Russian Alfa-Bank JSC and is a member of Alfa-Bank international banking group represented in Russia, Ukraine, Belarus and the Netherlands.

DB Alfa-Bank JSC is a subsidiary bank of Russian Alfa-Bank JSC and is a member of ABH Holdings S.A. (ABHH). ABHH is a private holding company with its head office in Luxembourg, with investments in a number of banking groups in the Netherlands, Russia, Ukraine, Belarus and Kazakhstan. Alfa-Bank is a universal bank that carries out all the main types of banking operations represented in the financial services market, including servicing private and corporate clients, Private banking services, investment banking business, leasing, factoring and trade financing.

The total number of ABHH employees is more than 30,300, the number of corporate clients is 282,700, while the number of private clients is already more than 15 million, and the total number of branches is 911 offices.

Information technology at Alfa Bank (Kazakhstan)

• See also: Information technology at Alfa Bank

2018

Done by:

• New IT team formed in new organizational structure
• New IT features launched: R&D, architecture, methodology
• Developed metrics for product teams, regular monitoring
• Second IT support line formed
• Streamlined, standardized and launched processes of architectural supervision, management release, accident management
• P2P portal started in Continuous Integration mode (100% coverage)
• Automated testing of ABSColvir Banking System patches
• Started trading acquiring on the host in a short time
• Host Certification Completed for Emission and Use Mastercard
• Migrated from Lotus to Outlook
• Open API Portal deployed and used by external partners
• A separate mobile application for mass business has been launched

History of the bank

2022: SoundCredit bought Alfa-Bank Kazakhstan

On April 20, 2022, it became known that Alfa-Bank sold the Kazakhstani "daughter" to the bank "SoundCredit." Thanks to this deal, Alfa-Bank Kazakhstan will be able to get out of Western sanctions.

{{quote'Alfa Bank will completely withdraw from the shareholders and withdraw its representatives from the board of directors.... The measures taken will contribute to the bank's withdrawal from the sanctions lists of the United States and a number of other countries, the statement on the Alfa Bank website said. }}

Alfa-Bank sold Kazakhstan subsidiary

It is noted that after the legal completion of the transaction, SoundCredit will rebrand its new subsidiary, and will also be ready to support Kazakhstan Alfa-Bank with additional liquidity to fulfill all its obligations to customers.

Russian Alfa Bank and its subsidiaries fell under blocking US sanctions. The following structures associated with Alfa Bank were included in the sanctions list: the Dutch Amsterdam Trade Bank, Alfa Direct, Cyprus Alfa Capital Markets, forex dealer Alfa Forex, leasing company Alfa Leasing, a subsidiary of Alfa Bank in Kazakhstan. US authorities gave time until May 6 to curtail operations with Alfa Bank.

SoundCredit has been operating since 1998. It is noted that by April 2022 it is one of the largest banks in Kazakhstan with a universal business model. The bank serves clients in all regions of Kazakhstan. The main shareholders are the head of the board of directors Bakhytbek Bayseitov (40.1%) and a member of the board of directors Vladislav Lee (9.2%).

According to the data, to data National Bank as of March 1, 2022 the bank "A-Credit" and Alfa-Bank in Kazakhstan took the 7th and 11th place respectively among 22 Kazakhstani banks in terms of assets.^[1]

2017

On April 3, 2017, the international rating agency Fitch Ratings upgraded Alfa-Bank JSC to a long-term issuer default rating in foreign and national currency to BB-, Stable forecast. The national long-term rating increased from "BBB (kaz)" to "BBB + (kaz)," the forecast is "Stable." On February 16, 2017, the international rating agency S&P Global Ratings confirmed the long-term credit rating of Alfa-Bank DB at BB- with a "stable outlook."

2014

• On May 30, Alfa-Bank became a full member of the National Factoring Association.
• The bank celebrates 20 years of activity in the Republic of Kazakhstan.
• In the framework of the contest "Business Angel Alfa-Bank" the winner will receive 7 million tenge for the implementation of the innovative project.

2013

• A new data storage and processing center was launched in Almaty in October. The data center was created to improve banking services and the phased development of the retail business.
• In November, the bank introduced the information protection system BalaBit Shell Control Box, which has no analogues in Kazakhstan.
• In August, Fitch Ratings assigned the priority unsecured bonds of the bank in the amount of 4.5 billion tenge of the second series in the national currency B + (EXP) and the long-term rating of BBB (kaz) (EXP).
• In September, bonds were issued with a half-year coupon rate of 7% per annum.
• In July, the bank's assets exceeded 150 billion tenge.
• The trading acquiring service has been launched. The Internet Acquiring service has been started.
• In May, payment for services at Alfa-Mobile Mobile Bank was launched.
• In July, the bank became a member of the international money transfer system CONTACT.
• In July, consumer car loans started.
• On June 19, Fitch Ratings received a long-term issuer default rating ("IDR") in foreign currency at "B +," a forecast "Stable," a short-term foreign currency IDR was assigned at "B," a long-term local currency IDR was assigned at "B +," a forecast "Stable." On May 3, Standard & Poor's received a credit rating from Standard & Poor's at B +/B, Stable forecast.
• In February, a branch was opened in Pavlodar.
• In April, a branch was opened in Karaganda.
• In November, branches in Almaty began their activities. The bank's representative offices in Aktobe, Uralsk and Petropavlovsk were expanded to the status of branches.
• In December, bank offices in Kokshetau and Kostanay were registered.

2012

• Authorized capital increased to 5.5 billion tenge. Assets exceeded 100 billion tenge.
• In November, the bank issued the first credit cards for individuals.
• The bank received the status of a full member of the Master Card payment system.
• In February, Alfa-Mobile was launched - a mobile version of Alfa-Click Internet banking.

2011

• The bank received a subordinated loan of $35 million to maintain a high rate of development.
• Launched online banking "Alfa-Click."
• Branches have been opened in Ust-Kamenogorsk and Atyrau.

2010

• Together with State Insurance Corporation Bank JSC, it began financing export grain transactions.
• Equity capital of the bank exceeded 10 billion tenge, assets exceeded 70 billion tenge.
• A branch in Aktau has been opened.

2009

• Equity capital of Alfa-Bank exceeded 10 billion tenge.
• Alfa-Bank placed bonds worth KZT600m on KASE.
• Alfa-Bank has celebrated 15 years of work in Kazakhstan.

2008

Bank's deposit portfolio exceeded KZT15 bn

2007

Assets of the bank exceeded 25 billion tenge.

2006

The bank's deposit base exceeded 10 billion tenge.

2004

Assets of the bank exceeded 10 billion tenge.

2001

• The Bank becomes a member of Kazakhstan and international financial organizations.
• On December 1, the bank was accepted into the international interbank system for transmitting information and making payments to SWIFT.

2000

• The Bank becomes a member of Kazakhstan and international financial organizations.
• Alfa-Bank became a member of the system of mandatory guarantee of deposits of Kazakhstan Deposit Guarantee Fund JSC.

1999

• The Bank becomes a member of Kazakhstan and international financial organizations.
• Alfa-Bank is accepted into the ranks of the Association of Financiers of the Republic of Kazakhstan.

1995

• In October the bank becomes a participant of Kazakhstan Stock Exchange (KASE) currency market
• Since November the bank is a member of KASE stock market.

Foundation 1994

• On April 7, 1994 in Moscow, CIB Alfa-Bank and AOZT Alfa-Trust acted as founders and created Alfa-Bank AB. The authorized capital of the bank is determined in the amount of $1.5 million in the form of shares, which at the then exchange rate amounted to KZT80.1 million.
• On December 9, 1994, Alfa-Bank AB received a certificate of registration at the National Bank of the Republic of Kazakhstan.