Meeting of the Board of Directors of AK BARS BANK was held on 17 July 2013

The Board of Directors reviewed a report on the implementation of the key development areas of AK BARS Bank in the 2nd quarter and 1st half of 2013.

In the 1st half of 2013, the Bank’s assets increased by 8.4 billion rubles from 336.6 billion rubles to 345.0 billion rubles. The result of the financial and economic activities of the Bank in the 1st half of 2013 was the book profit of 410.1 million rubles.

In addition, the Board of Directors approved the report by the Internal Control Service on the inspection results in OJSC AK BARS Bank in the 1st half of 2013 and took note of the report of the AK BARS Bank Controller for the 2nd quarter of 2013. Besides, the Bank’s Board of Directors considered the involvement of AK BARS BANK in the authorized capital of JSC Eurasian Leasing Company and the write-off of bad debts.

During the meeting, the Board of Directors discussed the results of the assessment of the AK BARS BANK Directors’ compliance with the independence criteria and approved the 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.