General information
AK BARS Bank is in the list of 20 Russian banks. The Bank was rated the 20th by equity and the 15th by assets among Russian banks as of 01.11.2009. As of 01.01.2010 the authorized capital of the Bank amounted to 28,2 billion roubles (932,9 million US dollars). AK BARS Bank (open joint-stock company) was registered in the Central Bank of Russia and successfully operates on the financial market of Russia since 1993.
AK BARS Bank is a universal bank and develops corporate, retail and investment businesses.
Over 44 thousand corporates and 2 million individuals are among customers of AK BARS Bank. The Bank serves large companies of oil and gas industry, petrochemical industry, mechanical engineering, telecommunication, construction, chemical, motor companies, commercial and agricultural enterprises.
The stability of the bank is guaranteed by the paid up capital of the Bank which amounted to 28,2 billion roubles (932,9 million US dollars) as of 01.01.2010. The Bank’s equity amounted to 36,4 billion roubles as of 01.01.2010(1202,7 million US dollars).
As of 01.01.2010 the Bank’s branch network includes 20 branches in the Republic of Tatarstan, 22 branches in the largest cities of Russia, 133 sub-branches and 140 stand-alone cash desks, 8 operational offices.
AK BАRS Bank is a member of:
• The Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T.)
• Information-dealing system “Reuters Dealing”
• Moscow Interbank Currency Exchange (MICEX)
• Association of the Participants of Bills Market
• Russian Trading System (RTS)
• Association of the Russian banks
Bank’s key foreign correspondent banks:
• Citibank N.A. (New York, USA)
• Standard Chartered Bank (New York, USA)
• Wells Fargo Bank N.A. (formerly known as Wachovia) (New York, USA)
• Wells Fargo Bank N.A. (formerly known as Wachovia) (London, The UK)
• Commerzbank AG (Frankfurt am Main, Germany)
• Deutsche Bank AG (Frankfurt am Main, Germany)
• Bayerische Hypo-und Vereinsbank (Munich, Germany)
• VTB Bank (France) S.A. (Paris, France)
• UBS AG (Zurich, Switzerland)
• Skandinviska Enskilda Banken (Stockholm, Sweden)
• Nordea Bank Finland Plc (Helsinki, Finland)
• Commerzbank International S.A. (Luxemburg)
• Komercni Banka, as (Prague, Czech Republic)
• The Bank of Tokyo - Mitsubishi UFJ, Ltd (Tokyo, Japan)
AK BARS Bank's share in the Tatarstan banking market as of 01.01.2010
| Assets | 41.47% |
| Equity | 47.49% |
| Borrowed funds | 45.02% |
| Loans issued | 39.24% |
