OREANDA-NEWS. October 21, 2009. Alfa Bank Ukraine posted a net loss of UAH 139.9 mln in 9M09. The bank had net income of UAH 57.1 mln in 9M08. Alfa Bank Ukraine's assets grew 5.1% over 9M09 to UAH 34.0 bln and liabilities by 6.6% to UAH 30.9 bln. 

Concorde Capital:  Alfa Bank Ukraine posted positive net income of UAH 52.9 mln in 3Q09 mostly thanks to further improvement in net interest income (it almost tripled yoy in 3Q) and by stopping accumulating provisions, which were at 11.3%, well above system average of ~10% as of the end of 2Q09. As we predicted in our recent note “Alfa-Bank Ukraine’12 – Lock in attractive mid-term yield”, the bank managed to halt the outflow of corporate deposits, which grew 3.4% during 3Q09. Retail deposits continued increasing, adding another 20% in July-August on the top of +6.4% in 1H09.

Concorde Capital is a full service investment bank operating on the Ukrainian, Russian and CIS markets. In 2007 Concorde Capital’s analytical team was recognized as the Top Team covering Ukraine by Thomson Extel's Pan European Survey. Senior Analyst Alexander Paraschiy was recognized as the Leading Pan-European Investment Analyst – European Emerging Markets. Concorde Capital is a leader when it comes to private placements and M&A deals. Concorde Capital’s sale of a stake in Electron Bank to Volksbank International AG was named the Best Ukrainian M&A deal of the year 2007 by the Adam Smith Institute.