AK BARS Bank held a meeting of the Board of Directors

On 26 July 2017, AK BARS Bank held a meeting of the Board members. The meeting covered progress on implementation of the Bank’s core development areas at the second quarter and first half of 2017 and, comparison of the Bank’s operational efficiency with its major competitors.

At the meeting, the members reviewed the results of AK BARS Bank internal audit for the first half of 2017, the Bank’s Supervisor report for the second half of 2017 and statement on ICAAP.

Besides, the policies on deontology (code of ethics) and regulations on the Board of Directors Audit Committee were approved by the Bank.

The participants of the Board of Directors reviewed the results of the AK BARS Bank’s Board members’ compliance with independence criteria.

At the end of the meeting the Board of Directors approved AK BARS Bank related party transactions.

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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.