Meeting of AK BARS Bank Board of Directors took place on November 12

Prime Minister of the Republic of Tatarstan Rustam Minnikhanov took part in the meeting.

The Board of Directors heard the realization of the annual financial plan of AK BARS Bank for the third quarter and 9 months of 2009 presented by the Chairman of the Management Board Robert Minnegaliev.

By the results of 9 months of 2009 total volume of assets increased by 6.9 bln RUR from 217,1 bln RUR to 224,1 bln RUR, equity capital reached 27,6 bln RUR.

Balance-sheet profit amounted to 507 mln RUR and was the result of economical activity of the Bank for 9 months of 2009. Net profit made up 491 mln RUR.

The Board of Directors also approved the main target indicators for building-up annual financial plan of the Bank for 2010 and adopted the decision to buy out AK BARS Bank’s share in the authorized capital of Commercial Bank «Naratbank» (AK BARS Bank’s subsidiary bank) was approved.

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