Russia's Alfa Bank To Borrow $1B From Western Markets -President

9th Jul 2010 12:12

MOSCOW (Dow Jones)--Alfa Bank, Russia's largest private bank, is planning to borrow about $1 billion from western markets shortly, the bank's president, Petr Aven, said at his meeting with Prime Minister Vladimir Putin Friday. According to the transcript of the meeting, published on the government's website, Aven said that his bank has "good relations with its foreign partners, but still experiences some resistance in some countries." Alfa bank is part of Alfa Group, a Russian holding in banking, energy and telecommunications, and a partner in BP PLC's (BP) Russian joint-venture. -By Alexander Kolyandr, Dow Jones Newswires; +7 495 232 9192; [email protected] (END) Dow Jones Newswires July 09, 2010 07:12 ET (11:12 GMT)