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"AK BARS" Bank will increase the authorized capital by placing 9 billion of shares

01 Апреля 2009
On the 30th of March at the extraordinary General Shareholders' Meeting the AK BARS Bank's Shareholders adopted a resolution on increase of share capital by placing additional nominal non-documentary equity shares in the amount of 9 billion Russian roubles.

Principal value of a share is 1 (one) rouble; form of issue of additional shares — non-documentary; placement — public offering;

Way of payment: shares are paid up in monetary form in the currency of Russian Federation by clearing. Payment by installments is not provided.

Joint-Stock Commercial Bank AK BARS has been successfully operating in the Russian financial market since 1993. The Bank has all types of banking licenses granted to financial institutions in Russia and provides more than 100 types of banking services to corporate and private customers.

AK BARS Bank is in the list of 20 Russian banks. The Bank was rated the 17th by equity and the 18th by assets among Russian banks as of 01.01.2009. As of 01.01.2009 the authorized capital of the Bank amounted to 19,2 billion roubles (782,8 million US dollars).

AK BARS Bank is a universal bank and develops corporate, retail and investment businesses.

About 39 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 19,2 billion roubles as of 01.03.2009. The Bank’s equity amounted to 27,9 billion roubles as of 01.03.2009.

As of 01.02.2009 the Bank’s branch network includes 20 branches in the Republic of Tatarstan, 27 branches in the largest cities of Russia, 145 sub-branches and 142 stand-alone cash desks, 13 operational offices, 4 lending and cash services offices. In general the Bank is in 41 regions of RF with 347 points of presence.
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