Ak Bars Bank reports financial results for 2019 according to IFRS
«In 2019 Ak Bars Bank made a profit of RUB 7.6 bln. This was facilitated by the increase in operation income within digital transformation in all business lines. The development of remote channels and online products were the key areas over the past year,» said Zufar Garaev, the Chairman of the Management Board of Ak Bars Bank.

Loan portfolio

The Bank’s loan portfolio (before provisions) increased by 12.6% to RUB 251.4 bln in 2019 driven by the growth of mostly all lending segments. At the same time, the corporate loan portfolio (before provisions) increased by 13.6% and amounted to RUB 158.8 bln. The individual loans portfolio increased by 11.0%, to RUB 92.6 bln. The growth among the products of the retail loan portfolio was mainly provided by rise in consumer loans by 26.8% to RUB 19.6 bln, and the mortgage increase by 6.8% to RUB 72.0 bln.

The net total loan portfolio for the year increased by 12.1% to RUB 233.8 bln.

Customer accounts

Customer accounts in 2019 reached RUB 437.6 bln rising by 21.6% at the end of the reporting period. This growth was mainly achieved by an increase in the corporate accounts (by 27.6% to RUB 313.6 bln). In addition, individual accounts increased by 8.6% to RUB 124.0 bln.

Within the liabilities structure, the share of customer accounts at the end of the reporting period amounted to 92.7% against 90.6% at the beginning of the year.


At the end of 2019, the amount of the bank’s equity increased by 12.2% as a result of the profit generated for a total of RUB 7.6 bln. The equity amounted to RUB 79.5 bln as of 31 December, 2019.

The profit growth derived from the increase in net interest income by 15.4% to RUB 13.8 bln. The bank increased its net fee and commission income by 8.3%, to RUB 3.4 bln. At the end of 2019, the bank’s assets grew by 17.8% compared to the beginning of the year, and amounted to RUB 551.8 bln.

Ак Барс Банк

Ак Барс Банк

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