AK BARS Bank participated in international IFN CIS & Russia Forum

AK BARS Bank participated in international Islamic finance forum (IFN CIS & Russia 2016). The visitors and speakers of the event were represented by companies operating in key Islamic finance markets, banks, funds, Governmental officials. The Forum was organized by IBFD in partnership with Islamic Finance News (IFN), the leading specialized journal for the Islamic finance market.

Main topics of the conference were devoted to the creation of infrastructure for Islamic finance market in Russia and CIS, expansion of financial opportunities, facilitation of growth of the key economic sectors through the Islamic finance, banking industry and opening of Islamic banks.

AK BARS Bank participated in the discussion during the round table related to Shariah-compliant Capital Raising and Increasing Regional Appeal to Islamic Investors. The Bank shared its experience in capital raising within Sharia compliant Murabaha international Islamic syndication.

Today AK BARS Bank is the leader and pioneer in the development and implementation of alternative funding sources both in the Russian market and across the CIS.

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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.