Meeting of AK BARS Bank Board of Directors held on September 20

The Board of Directors of AK BARS Bank studied realization of development guidelines of AK BARS Bank for 2011-2013.

Amendments #1 to the Charter of AK BARS Bank connected with information entry about the branch of AK BARS Bank in Ufa to the State Register of credit institutions were sanctioned on the meeting.

The Board of Directors approved allocation of funds to implement measures aimed at opening six operating offices of the North-Western branch and approved the appropriate amendments into the financial plan of AK BARS Bank for 2011.

In addition, the Board of Directors approved related-party deals and writing off bad debts. At the end of the meeting the members of the Board of Directors discussed the issue of holding by them positions in governing bodies of other legal entities.

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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.