Bank news
February 2019
On 10 July, 2018 Moody’s Investors Service upgraded to b3 from caa1 the Baseline Credit Assessment (BCA) of Ak Bars Bank.
Agency evaluated the Bank’s key indicators: assets, equity, borrowed funds, individual bank deposits, loan portfolio, additionally, assets and equity growth rates, individual and corporate loans.
The conference focused on macroeconomics, DCM emerging markets trends and Russian bonds in view of Western sanctions.
Following 2017 results AK BARS Bank received a net profit of RUB 7.3 bln. exceeding the last year result by 43.5%.
Based on the results for the first 9 months of 2017, AK BARS Bank reached the net profit of RUB 6.2 bln. that is almost 1,6 higher YoY.
In 1H 2017 AK BARS Bank reached net profit of RUB 3.4 bln., which is 16.7% higher YoY according to IFRS financial statements.