Central Bank registered the report on the additional share issue results of AK BARS Bank

Department for the Licensing of the Activities and the Financial Rehabilitation of Credit Organizations registered the report on the additional issue of uncertificated registered ordinary shares of AK BARS Bank.

State registration number of the issue — 10402590B005D, date of the state registration of the issue is April 30, 2015. Number of outstanding securities — 9 800 000 000, share denomination is RUB 1.

In course of the development strategy of the Bank the additional shares issue was funded by the Tatarstan Government. Government of the Republic — the Bank’s major shareholder — through ministries, government agencies and related companies ultimately controls the Bank. The shares were acquired by the State Housing Fund under the President of the Republic of Tatarstan.

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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.