MOSCOW, October 12 (RIA Novosti) - Russia's Alfa Bank Group, which includes Alfa Bank and its subsidiaries, said Thursday its consolidated net profit, calculated to international accounting standards, rose 31.5% in the first six months of 2006, year-on-year, to $114.8 million.
The group also said its consolidated assets rose 25.4% in 1H06, year-on-year, from $9.8 billion to $12.3 billion.
Alfa-Bank Group is among Russia's 30 largest financial institutions. International ratings agency Fitch Ratings said September 8 it has upgraded Russia-based Alfa Bank's issuer default and national long-term ratings to BB- (from B+) and A+(rus) (from 'A(rus), respectively, both with stable outlooks.
