Meeting of the Board of Directors of AK BARS Bank was held on 18 September

The Board of Directors of AK BARS Bank took note of a progress report on the implementation of the main development areas of AK BARS Bank for 2012-2015.

The issues of compliance of the net assets with the authorized capital of the Bank, the opening of a branch of the Joint-stock commercial bank AK BARS (Open Joint-Stock Company) in Saratov, the amendments to the Charter of AK BARS Bank (due to changes in the location of Izhevsk and Perm branches of the Bank) were also discussed at the meeting.

In addition, the meeting of the Board of Directors approved the transactions with AK BARS Bank affiliates and 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.