Alfa Bank customers comforted about their deposits

Capital inflow into Alfa Bank was 30 percent higher than capital outflow. Capital inflow was higher than outflow for the first time since the banking crisis outbreak. According Alexander Gafin, a member of the board of directors of Alfa Bank, the bank has met its obligations before those customers, who wanted to withdraw their deposits. Capital outflow began weakening since July 8. Customers withdrew about $200m in the deposits in July 6-8, 2004. Alfa Bank President Pyotr Aven earlier announced that the bank was ready to pay about $700m and its shareholders were ready to add $1.2bn to its liquidity. The bank's assets amounted to $5.5bn.

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Author`s name: Editorial Team