Alfa Bank OJSC, the corporate treasury of the Alfa Group, is the largest private commercial bank in Russia. Headquartered in Moscow, it operates in 7 countries, providing financial services to over 40,000 active corporate customers and 5.3 million retail clients. Alfa Bank is particularly active in Russia and Ukraine, ranking among top 10 largest banks in terms of capital in both countries. In the 2009 edition of the Top-1000 World Banks, a survey by The Banker magazine, Alfa Bank was placed 270th.
- 1992 – Central Bank grants more licences for broader activities; Alfa Bank opens first nostro accounts in six foreign banks; first retail branch opens in Moscow;
- 1999 – Euromoney ranks Alfa Bank The Best Bank in Russia for the third straight year; Global Finance also names Alfa Bank The Best Russian Bank ; despite the financial crisis 14 new retail branches and offices open across Russia;
- 2000 – Alfa Bank acquires a 76% stake in Kyivinvestbank (later renamed "Alfa Bank Ukraine"); for the second year in a row Global Finance magazine names Alfa Bank The Best Russian Bank and The Banker call it The Bank of the Year; Alfa Securities, a broker and a subsidiary company of Alfa Bank, opens in London;
- 2001 – by the end of first quarter, loan portfolio reaches US1 billion; Alfa Bank opens a subsidiary in New York, Alfa Capital Markets, a NASD (now FINRA) regulated company set up to provide brokerage and investment services in North and South America; Emerging Markets Investor names Alfa Bank Best Bank in Russia and so does Global Finance magazine for the third straight year; Alfa Bank becomes 100 per cent owner of Amsterdam Trade Bank N.V. and thereby acquires a full banking licence in the European Union; for the third year in a row Global Finance magazine names Alfa Bank The Best Russian Bank;
- 2002 – Gazprom and Alfa Bank reach an agreement on strategic partnership; together with Merrill Lynch Alfa Bank wins financial consulting contract from Unified Energy System; Fitch and S&P upgrade their credit rating on Alfa Bank; once again Global Finance magazine declares Alfa Bank The Best Russian Bank;
- 2003 – unaudited financial statements reveal record high growth in profits in 2002 (loan portfolio increased 70% to US$1.4 billion, assets surged 51%, while net income rose by more than a third); Alfa Bank, in partnership with the Lauder Institute of the Wharton School of Business, establishes a new award for Excellence in Foreign Investment, which would be presented to foreign companies operating in Russia for weighty contribution to the corporate governance and successful business operations; Alfa Bank draws US$82 million unsecured syndicated loan, the biggest on record among private banks; S&P, Fitch and Moody's upgrade Alfa Bank's rating during the year;
- 2004 – Alfa Bank tops the list of financial consultants by deals value, completing US$8.9 billion worth of transactions in 2003; Bank's loan portfolio grows by 52% y-o-y, reaching US$2.8 billion;
- 2006 – Alfa Bank completes the country’s first securitisation of diversified payment rights with a US$350 million deal; unaudited first quarter management IFRS figures show total assets breaking the US$10 billion mark for the first time in company's history;
- 2007 - in connection with the closure of Sodbiznesbank 2004 Alfa Bank is searched by Russian police in September; Fitch upgrades Alfa Bank's rating during the year;
- 2008 - Alfa Bank seeks US$400 million government loan in October; Alfa Bank deploys 20.000 Aladdin eToken USB smarcard devices to its online customers;
- 2009 - Fitch downgrades Alfa Bank's rating during the year;
- 2010 - Alfa Bank launches a US$1 billion 7-year Eurobond;
- 2011 - Alfa Bank wants to buy Bank of Moscow;
- 2012 - in cooperation with Euroset Alfa Bank launches a loyalty card credit programme.