Blue Curve Limited, a leading provider of financial research software solutions to the securities industry, announces that it has signed an agreement to licence its Blue Curve product suite to Alfa Bank, the leading private bank in Russia.

Blue Curve Limited will work with Alfa Bank to configure and install the software throughout the bank’s financial research department. The new solution will provide Alfa Bank with an improved research production process, including financial data management, automated document production, workflow, compliance management, and distribution. Through the use of Blue Curve, Alfa Bank aims to streamline its operations and improve the research services it provides to its customers.

Peter Szopo, Head of Research at Alfa Bank commented:

“We set out to find a software solution that worked for our analysts and provided all the features we would expect from an advanced research production system. By choosing Blue Curve, we feel we can quickly improve our research process, which will greatly benefit our clients.”

Mark Robertson, CEO of Blue Curve Limited, added:

“We are very pleased that Russia’s top private bank has decided to use Blue Curve as their research production platform. Now that we’re part of Rivington Street Holdings, we are finding that quality customers such as Alfa Bank are more easily attracted to our superior software and experience in this market.”

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About Alfa Bank

Founded in 1990, Alfa Bank offers a wide range of products and operates in all sectors of the financial market, including retail and corporate lending, investment banking, trade finance and asset management.

Alfa Bank is Russia’s largest private bank in terms of total assets, total equity and customer accounts.

According to its audited IFRS financial statements for the full-year 2009, Alfa Bank Group, which comprises OJSC Alfa-Bank as well as subsidiary banks and financial companies, had total assets of $21.6 bln, a gross loan portfolio of $15.0 bln, and total equity of $2.7 bln. Net profit after tax attributable to the equity shareholders of Alfa Bank Group was $88 mln.

The bank’s corporate and retail client base has grown considerably over the last several years: as of April 1, 2010 Alfa Bank Group had served over 40,000 corporate and 4.1 mln retail customers, while the branch network had grown to 326 offices across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United States and the UK.

For more information on Alfa Bank, please visit http://www.alfabank.com.