trending Market Intelligence /marketintelligence/en/news-insights/trending/XKvedIr5W5KD220b_3yxIw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Alfa-Bank mulls shift to mortgage lending as corporate sector stagnates

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good


Report: Alfa-Bank mulls shift to mortgage lending as corporate sector stagnates

Russian privately owned lender JSC Alfa-Bank plans to focus on retail lending, especially mortgage loans, due to stagnation in the corporate segment, Reuters reported, citing the lender's management board deputy head, Alexey Chukhlov.

The bank plans to double its retail loan book within the next two to three years, the executive said, according to the March 15 report. The lender does not expect major growth in corporate lending in coming years, taking into account the current macroeconomic situation, and is already working with the largest companies in Russia, with corporate loans accounting for 80% of its total loan book.

Alfa-Bank is also ready to purchase mortgage portfolios from other lenders to accelerate growth, with the last transaction of this type concluded at the end of 2017, Chukhlov said without disclosing details of the deal. The bank may also consider acquiring another financial institution, although Chukhlov said there are currently no attractive M&A targets that would allow the lender to boost its financial results or ensure long-term value growth for shareholders.

The lender could issue more ruble-denominated bonds in 2019, in addition to a 10 billion-ruble eurobond placed in January, with the funding to be used to expand its loan portfolio, the report said.

As of March 15, US$1 was equivalent to 65.02 Russian rubles.