Management

Dear friends!

Dear Friends!Russian banking sector had to face a number of serious challenges in 2008. However, notwithstanding the instability of the Russian financial market, caused by crisis prenomena in the world economy, AK BARS Bank being one of the major regional commercial banks of the country demonstrated considerable financial stability and reliability.The Bank in its 15th  anniversary year continued its dynamic development: it supported and improved its indicators on a regular basis — we preserved our leading positions in a number of key directions of banking activity and extended our regional presence. 
The results obtained laid the foundation for renewal of perspective development plans of the Bank and new goal-setting within the framework of strategic planning. Work on strategy development of OJSC AK BARS Bank for 2009-2012 was livened up in 2008. The management of the Bank fulfilled this work in close cooperation with the Bank's Board of Directors trying to use the knowledge and experience of its members to the full. External consultants were involved in the process. «Development Guidelines of OJSC «AK BARS Bank» for 2009-2012» became the results of the conducted research, business meetings and strategic sessions. The work at detailed strategy is in progress.
During the year the Bank paid  attention to the issues of  corporate management, improvement of corporate procedures, internal regulatory structure and  information openness. The system of corporate management, created in the Bank proves its efficiency and renewal ablility in compliance with the standards of the best world practice. And it's beyond any doubt that further work will be also effective and all the results and achivements will contribute to efficient development of AK BARS Bank as a universal and trustworthy bank of an All-Russia scale and consolidation of its positions not only in Russia but also at foreign markets.
In conclusion I thank our Shareholders, Clients and Partners for the credence given and for fruitful collaboration. I express profound gratitude to the officers for their professionalism, diligence and high team spirit. I wish everyone further success and prosperity.

Yours respectfully,
Chairman of board of directors
of OJSC „AK BARS“ BANK  R. R. Musin

Dear Shareholders, Partners and Clients of the Bank!

Dear Shareholders, Partners and Clients of the Bank!2008 became the year of serious problems in the world economy and in a number of economic sectors including the banking sphere. Despite this AK BARS Bank proceeded with its stable development.
The Bank being one of the major Russian credit institutions traditionally invests in various economic sectors of Russian Federation, takes an active part in socio-economic development of the Republic of Tatarstan. The conservative policy of the Bank which did not contemplate speculative operations at the stock market and is chiefly aimed at financing of the real economic sector justified its value in the current situation.
The Bank was dynamically developing in 2008 showing growth rates at the levels above the average industial levels, raising its market positions. The assets of the Bank went up by 37,9% or  for 59,6 billion rubles and reached  216,8 billion rubles. The profit made up 2,2 billion rubles.
The key strategic advantage of AK BARS Bank which is relevant for our times is its status of a state bank. Having this advantage at its disposal the Bank will subsequently widen its scales and fulfill its development strategy, according to which reinforcement of market positions is stipulated not only in the Republic of Tatarstan, but also in other regions of Russian Federation. It's worth mentioning that new opportunities open up for the strongest and the firmest market participants  in crisis times and AK BARS Bank is going to take advantage of these opportunities for the reinforcement purposes to the full.
On behalf of the Management Board and the Bank's staff I would like to express appreciation to the shareholders, clients and partners of AK BARS Bank for their trust and support, which consistently accompany our collaboration.

Yours sincerely,
The Management Board of AK BARS Bank
Robert Minnegaliev
Chairman