Management

Dear shareholders, partners and clients of the Bank!

2010 was a period of the restoration of the world and Russian economy in the post-crisis period. AK BARS Bank has managed to overcome the liquidity shortage, to maintain market positions and to continue increasing its business volumes in all key areas. Thus, despite the impact of the consequences of the crisis on the banking system, the Bank still demonstrates financial strength and raises its reputation in the Russian and international business community by adhering to conservative policies and principles of corporate social responsibility.
Commenting on the results of the last year, it is worth mentioning that the Bank used the tactic of rational development that takes into consideration the status and abilities of the clients, as well as potential risks, for all business lines. This tactic allowed not only to retain Bank’s customer base, but to expand it.
The Board of Directors amended the strategic objectives of the Bank for 2011-2013 taking into account changing external conditions and emerging priorities. The main purpose of the Bank's strategy will be the development of territorial network in the priority regions of presence at the federal level, as well as in the Republic of Tatarstan. This will preserve and increase market share, develop retail and corporate businesses and advanced banking technologies, which will ultimately enable the Bank to increase the yield and profitability of operations and to increase the capitalization of the Bank.
In conclusion, on behalf of the Board of Directors I would like to express my appreciation to shareholders, partners and clients for trust, fruitful cooperation and support of our work. I am sure that AK BARS Bank with its close-knit team of professional and responsible staff has great potential to achieve new strategic goals.

Yours sincerely,
Robert Musin
Chairman of the Board of Directors
of AK BARS Bank

Dear shareholders, partners and customers of the Bank!

The passed year 2010 showed that despite the extensive changes in the economy of the country and worldwide, AK BARS Bank is a reliable financial institution ready to face anything, even the most complex situations, and able to objectively assess its opportunities and adapt its strategy to the current situation and progress. The Bank is developing year by year, adhering to its core principles: conservatism, reliability and responsibility; customer-oriented business model is constructed thereupon.
Much attention is paid to the Bank partnership relations with its customers, meanwhile the existing realities in the various sectors of the economy are taken into account. Our choice inclines towards achieving the highest level of safety possible in these particular competitive circumstances ensuring the unconditional preservation and upgrowth of funds entrusted to us by our clients and investors. The priorities of the Bank are financing of the real economy, as well as work in the market for lending to SME. Apart from that, the most important tasks for the Bank are improvement of quality and technological effectiveness for private customer service.
AK BARS Bank faces in 2011 the task of improving business efficiency, shifting from a balanced moderate growth tactics to the full-scale implementation of development strategy. The Bank is aimed at strengthening its market position in Tatarstan and increasing its market share in other priority regions of development. All possibilities and available resources will be applied by the Bank to achieve its strategic objectives despite significant complication of business environment in the Russian market of banking services.
In this regard, trust and support of our shareholders, customers and partners are important factors in further upgrowth of the Bank. Thus I would like to express my sincere appreciation  to them for our mutually beneficial cooperation. I would also like to thank the entire team for its professionalism and contribution to AK BARS evolution.

With kindest regards,
Chairman of AK BARS Bank Management Board
Robert Minnegaliev