Bank news
April 2019
Moody's upgrades Baseline Credit Assessment and changes to positive outlook on Ak Bars Banks’s deposit rating
On 10 July, 2018 Moody’s Investors Service upgraded to b3 from caa1 the Baseline Credit Assessment (BCA) of Ak Bars Bank.
RAEX Rating Agency (Expert RA) assigned credit rating to AK BARS Bank at ruA- (moderately high level of creditworthiness) with stable outlook
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.
Ak Bars Bank acted as official partner of Cbonds Emerging Markets Bond Conference closed today in London
The conference focused on macroeconomics, DCM emerging markets trends and Russian bonds in view of Western sanctions.
AK BARS Bank increased net profit by 43.5% in 2017 according to IFRS
Following 2017 results AK BARS Bank received a net profit of RUB 7.3 bln. exceeding the last year result by 43.5%.
AK BARS Bank 9 months 2017 Financial Results Release
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.
AK BARS Bank announced IFRS results for 1H 2017
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.