Meeting of the Board of Directors of AK BARS held on 19 October

The Board of Directors of AK BARS Bank heard the information on the progress of the key development areas of AK BARS Bank based on the results of the 3rd quarter and 9 months of year 2012.

The Bank’s assets increased by 31.8 bln rubles over 9 months of 2012 and amounted to 332.0 bln rubles. By the results of the business and financial performance for 9 months of 2012 the Bank’s balance sheet profit reached 1 095.8 mln rubles.

Besides, the Board of Directors set main target indicators for the budget of AK BARS Bank for 2013 and took a look at the Report drawn up by AK BARS Bank’s Controller for the 3rd quarter of 2012. In addition, the following issues were reviewed at the Meeting: the approval of the related-party and the interested-party transactions, and the AK BARS Bank’s stake in Commercial Bank NARAT BANK Ltd. which is being reorganized into CJSC Commercial Bank NARAT BANK.

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Audited by the Certification Association Russian Register, Ak Bars Bank has become the first Russian bank to have proven its business continuity management system to be compliant with ISO 22301 (GOST R ISO 22301).
The Bank held a tender procedure for the supply of FSC-certified copy paper.