The meeting of AK BARS Bank Board of Directors was held on February 18

The Board of Directors reviewed the proposals of shareholders to the agenda of the annual General Meeting of AK BARS Bank’s Shareholders, studied the report of the Management Board on the implementation of the annual financial plan for 2010, the Report of the Internal Control Service covering the results of inspections of AK BARS Bank in 2010, and approved the structure and content of AK BARS Bank’s Annual Report.

During the reporting period, total assets of the Bank increased by 14.2 billion rubles and reached 240.8 billion rubles. According to this indicator, AK BARS Bank ranks number 19 among the 30 largest banks in Russia. Balance sheet profit amounting to 669 million rubles was the result of financial activity of the Bank for 2010, the fulfillment percentage of which made up 104%.

In addition, the members of the Board of Directors adopted the Regulation «On the management order of reputation risks of AK BARS Bank» in the new edition and amendments to the Regulation «On the limits policy of AK BARS Bank» and approved related-party transactions.

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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.