News

23 January 2012 AK BARS Bank Murabaha Islamic Financing Facility has been awarded the Europe Deal of the Year by the Islamic Finance news Awards

24 October 2011 Meeting of the OJSC "AK BARS" Bank Board of Directors held on October 21

6 October 2011 Universiade 2013 in Kazan acquired a new General Partner

20 September 2011 Meeting of AK BARS Bank Board of Directors held on September 20

12 September 2011 Last week AK BARS Bank successfully closed the debut in CIS 1-year syndicated Murabaha financing for the total amount of $60MM

2 September 2011 On the 29th of August, 2011 OJSC AK BARS Bank signed with the German bank Landesbank Berlin AG an agreement on providing financing in the amount of approx. EUR10 million

16 August 2011 OJSC "AK BARS" Bank confirmed high level of data security and reliability of payment cards

22 June 2011 On June 20, 2011 AK BARS Bank fulfilled repayment of Eurobonds and the last coupon yield

21 February 2011 The meeting of AK BARS Bank Board of Directors held on February 18

17 December 2010 The meeting of AK BARS Bank Board of Directors held on December 17, 2010

26 October 2010 The meeting of AK BARS Bank Board of Directors took place on October 26

9 September 2010 The meeting of AK BARS Bank Board of Directors took place on September the 9th

10 August 2010 CHF 30 mln is the amount of Frame Credit Agreement signed between AK BARS Bank, Kazan and UBS AG, Zurich

29 July 2010 Meeting of AK BARS Bank Board of Directors took place on July 27, 2010

7 June 2010 AK BARS Bank carried out the redemption and paid the sixth coupon for the bonds of Makheev Finance

28 May 2010 Annual meeting of shareholders took place in AK BARS Bank

21 April 2010 Session of AK BARS Bank Board of Directors took place on April 21st , 2010
The Board of Directors of the Bank approved preliminarily annual report, financial statements, including profit and loss accounts, of AK BARS Bank by the results of 2009. The members of the Board of Directors gave recommendations regarding the amount of share dividends and the order of their payment, approved recommendations on distribution of profits by the results of 2009.

23 December 2009 Fitch Assigns AK BARS's USD280m Bond Final 'BB' Rating
Fitch Ratings-London/Moscow-23 December 2009: Fitch Ratings has assigned AK BARS Luxembourg S.A.'s USD280m issue of senior unsecured loan participation notes with coupon of 10.25% due in December 2012, a final 'BB' rating. Since Fitch's 1 Dec 2009 announcement of the expected ratings, the amount of new notes issued for cash was further upsized by USD55m from the previous amount of USD150,859,000 to bring the total new issue size to USD280m.

18 December 2009 Sitting of the Board of Directors took place in AK BARS Bank on December 18
Sitting of the Board of Directors of Joint Stock Commercial Bank AK BARS took place on December 18. Prime Minister of the Republic of Tatarstan Rustam Minnikhanov and Chairman of National Bank of Tatarstan Evgeniy Bogachev participated in the meeting.

18 December 2009 Moody’s confirms Ba3/E+/Aa.ru ratings of AK BARS Bank
Moody’s confirms Ba3/E+/Aa.ru ratings of AK BARS Bank December 21, 2009 Moscow, December 17, 2009 - Moody's Investors Service has confirmed the Ba3 long-term global scale local and foreign currency debt and deposit ratings of AK Bars Bank (ABB). At the same time, AK BARS Bank’s E+ bank financial strength rating (BFSR) and its Not Prime short-term global scale local and foreign currency deposit ratings were also affirmed.