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. Last Updated: 07/27/2016

Alfa-Bank to Expand

MOSCOW -- Alfa-Bank, Russia's 21st largest by assets, plans to expand into the regions by setting up at least three branches in the first half of this year, a bank official said Tuesday.

Alfa's expansion would involve primarily the acquisition of small and medium banks, vice president George Tyler said. Tyler said one of the first branches would be in St. Petersburg.