Asia Alliance Bank said that expansion of correspondents’ network will allow to increase service quality through speeding up transactions and receive access to wide-range of banking services, including Russian financial market.

Alfa Bank is founded in 1990. It is universal bank, carrying out main types of banking operations, offered in the financial market, including services to private and corporate clients, investment banking services, trade finance, and assets management.

Alfa Bank is largest Russian private bank on the volume of assets, aggregate capital and deposit volume. According to ranking of Interfax, the bank holds eighth place on total assets among 925 Russian banks in the result of the third quarter of 2011.