A Meeting of AK BARS Bank Management Board took place

Management Board members considered the Bank’s participation in the Increase in Banks Share Capital Program carried out by the Deposit Insurance Agency, State Corporation, have discussed the budgetary framework of the Bank for 2015, and also heard the report on the Bank under IFRS for 2014. The Management Board considered the information on the main directions of the Bank’s development for 2015 (preliminary results of the 1st quarter of 2015) and on the use of the Bank’s Fund resources. AK BARS Bank’s annual report and annual financial statements, including the report on Bank’s financial results of 2014 were preliminary approved and also recommendations for the allocation of profit for 2014 were approved.

In addition, the Management Board provided recommendations on the appointing of an Auditor of the Bank.

At the end of the meeting interested and related to AK BARS Bank party transactions were approved.

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