FruitChest1

In March 2001, Alfa-Bank opens a subsidiary company Alfa Capital Markets (USA) Inc., which provides services to corporate clients and agents in the United States, Canada and Latin America, with a focus on portfolio investments and consulting on private equity investments in Russia. In March 2001, Alfa-Bank launched the first stage of the Call-Center, which provided reference support for plastic card holders [18]. Serious difficulties for the management and owners of Alfa-Bank had to endure in July 2004. The bank faced a high outflow of depositors (in total, the bank lost about 20% of private clients who kept money on deposits) and even introduced a 10% commission for the premature withdrawal of deposits (later, the fees were returned to depositors). The total outflow of funds for the bank was about $ 650 million, and its shareholders are helping Alfa-Bank with their personal funds. Later, the bank's management accused the Kommersant newspaper of inciting panic around the bank and w...

In January 1998, the bank changes its legal form from limited liability to an open joint stock company. In July of the same year, the merger of Alfa-Bank and the Alfa-Capital group of companies was carried out [13]. The bank relatively painlessly overcame the economic crisis of 1998, without stopping payments to depositors and regularly redeeming coupons on Eurobonds [14] [15]. In April 1999, Alfa-Bank was included in the list of authorized agent banks and entered into credit agreements worth more than 1 billion rubles under the State program of concessional lending to agricultural producers and agribusiness enterprises [16]. In 2000, Alfa-Bank was the first Russian bank to announce the issue of its own Eurobonds for $ 150-200 million. In October of the same year, Alfa-Bank was the first among Russian banks to start issuing virtual Eurocard-MasterCard cards for online payments [17].