Alfa Bank
2004 - 2006 Russia
2004 - 2006 Russia
Alfa Bank is a leading retail bank in Russia.
Results After 5 Years (2006-2010)
1954%
Total Income
17416%
Margin Income
683%
Commission Income
Project Objectives
After an unsuccessful launch of «Alfa Bank Express» format and significant losses, shareholders brought in Senteo as part of the management team of the bank in house to manage a complete transformation of the existing business including all new products, branch redesign, launch of their first smartphone banking application, front-line culture change, brand refresh, and new standards for communication.
Some of the Results After 18 months
281%
increase in monthly tariff plan sales
404%
increase in overall demand deposit balances
171%
increase in monthly commission income
397%
increase in monthly credit card sales
238%
increase in new customer acquisition
596%
increase of average monthly credit card sales
70%
reduction of staff turnover.
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