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.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America