Meeting of the OJSC «AK BARS» Bank Board of Directors held on October 21

The Board of Directors of OJSC «AK BARS» Bank was informed about the implementation of the principal directions of «AK BARS» Bank development regarding the results of the 3d quarter and 9 months of 2011.

The assets of the Bank for the first 9 months of 2011 increased by 46.9 billion rubles from 240.7 billion rubles to 287.7 billion rubles. As of October 1, 2011 the volume of the borrowed funds from legal entities reached 126.6 billion rubles having increased for 9 months of 2011 by 23.6% or by 24.2 billion rubles. The results recorded positive dynamics of private deposits. During the first 9 months of 2011 the growth of private deposits amounted to 8.2 billion rubles or 17.3%. The balance sheet profit amounted to 1 700.7 billion rubles for the first 9 months of 2011. In addition, the Board of Directors adopted the main indicators as the basis for the formation of the annual financial and business plan of the Bank for 2012.

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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.