Bank news
July 2019
Ak Bars Bank closed first quarter of 2019 with net profit of RUB 1,31 bln. according to IFRS
Ak Bars Bank closed the 1Q of 2019 with a net profit of RUB 1.3 bln according to IFRS, which increased by 10.1% YoY.
Ak Bars Bank listed among TOP-20 Russian Banks within World’s Best Banks by Forbes
Forbes magazine in collaboration with Statista research agency rated banks in 23 countries.
Moody's upgrades Baseline Credit Assessment and changes to positive outlook on Ak Bars Banks’s deposit rating
On 10 July, 2018 Moody’s Investors Service upgraded to b3 from caa1 the Baseline Credit Assessment (BCA) of Ak Bars Bank.
RAEX Rating Agency (Expert RA) assigned credit rating to AK BARS Bank at ruA- (moderately high level of creditworthiness) with stable outlook
Agency evaluated the Bank’s key indicators: assets, equity, borrowed funds, individual bank deposits, loan portfolio, additionally, assets and equity growth rates, individual and corporate loans.
Ak Bars Bank acted as official partner of Cbonds Emerging Markets Bond Conference closed today in London
The conference focused on macroeconomics, DCM emerging markets trends and Russian bonds in view of Western sanctions.
AK BARS Bank increased net profit by 43.5% in 2017 according to IFRS
Following 2017 results AK BARS Bank received a net profit of RUB 7.3 bln. exceeding the last year result by 43.5%.