AK BARS Bank repaid its obligations within Sharia’h compliant financing on 30 December 2014

30.12.2014

Facility in the amount of US$100 mln. became AK BARS Bank’s second Sharia compliant project in Islamic finance market following its debut US$ 60 mln. deal of 2011. General funding for AK BARS Bank has been utilized to fund Shari’a compliant assets and investment projects in the Republic of Tatarstan and AK BARS Bank’s presence regions. Citi, COMMERZBANK Aktiengesellschaft and Emirates NBD Capital Limited acted as Mandated Lead Arrangers and Bookrunners on the Facility.

The Bank’s due successful fulfillment of its obligations in current market conditions reflects the Bank’s stable position as a reliable partner in international capital market.

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