The Annual General Meeting of AK BARS BANK shareholders took place in Kazan on 30th of May.
Following the agenda, the Bank’s shareholders approved the Annual Report, the annual financial statements for 2013 and the profit distribution of AK BARS Bank for the results of 2013 based on recommendations of the Board of Directors. The Meeting was attended by Mr Ildar KHALIKOV, the Prime Minister of the Republic of Tatarstan, and Mr Evgeniy BOGACHEV, the Chairman of the National Bank of the Republic of Tatarstan.
Mr Robert MINNEGALIEV, The Chairman of the Management Board of AK BARS Bank, announced the main performance results of the Bank for 2013.
During the reporting year the Bank increased its scope of work which resulted in the assets growth by 26.6 billion rubles and amounted to 363.2 billion rubles by the end of the reporting year. The Bank’s Capital amounted to 50.2 billion rubles including the subordinated loans. The amount of funds in the customer accounts increased by 13% and by the end of 2013 amounted to 240.3 billion rubles. Net lending receivables increased by 3.9% reaching 227.4 billion rubles. The Bank’s financial outcome for 2013 is the net profit of 938.2 million rubles.
The Meeting also approved the auditors of AK BARS Bank — LLC ‘Middle Volga Expert Bureau’ and the Auditing Company ZAO ‘PricewaterhouseCoopers Audit’. The shareholders approved the new version of the Bank’s Charter, as well as the amendments to the Regulations ‘On the General Meeting of Shareholders’ and ‘On the Board of Directors of AK BARS Bank’. In addition, the Meeting also determined the number of and elected the members of the Board of Directors, the AK BARS BANK’s Audit Committee and the Tabulation Committee.
Next the Meeting approved the list of related party transactions which may be accomplished in the period from 30 may 2014 year to the next Annual General Meeting in the course of the Bank’s economic activity. At the end of the Meeting Government awards of the Republic of Tatarstan and corporate awards were handed to the employees of the Bank.