In the wake of the revocation of Sudostroitelgogo Bank's license, Alfa Bank said on Thursday that it is offering incentives to attract former clients of the defunct bank.
The former clients can open accounts at Alfa for free online, but full activation of the account requires a visit to a branch of the bank.
In addition to accounts, former business clients of the defunct bank will receive certificates for free legal advice and advertising on Yandex.
Alfa Bank opened in 1990 and provides banking and investment services to individuals and business. As of July 2014, the bank had 128,100 corporate clients and 10.8 million individual clients within the Russian Federation. Alfa Bank's aggregate assets amounted to $49.8 billion in July 2014.