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Report: ALFA-BANK's owner to open digital lender

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Report: ALFA-BANK's owner to open digital lender

Alfa Group is working on setting up a digital bank specializing in remote customer service, Vedomosti reported Oct. 4, citing several sources close to the group.

The bank will reportedly work under its own banking license and will be a separate project from JSC ALFA-BANK, also controlled by the group. The two lenders will be in competition and will not be sharing their client base, according to the sources.