Alfa Bank is going to invest about $52m in the first stage of its new project, Alfa Bank Express, Mikhail Fridman, the bank's Chairman of the Board, told journalists today. He noted that these investments could be allocated from the bank's own funds and no additional sources would be used in the near future. According to Fridman, the project will pay back in three years.
Alfa Bank Express is a new branch of Alfa Bank that will offer a contemporary set of banking products and services, including various types of deposits, credit cards and credits, twenty four hours a day seven days a week. Alfa Bank experts estimate the rendering of services to individuals as the most promising way of the bank's development. Currently, seven offices of Alfa Bank Express are already functioning and another seven are under construction. Alfa Bank will increase the number of Alfa Bank Express offices to 20 by the end of this year. In 2004, Alfa Bank is going to launch this project in Russian regions, starting with St. Petersburg. By the end of 2004, the number of Alfa Bank Express offices is expected to reach up to 84 throughout Russia.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year