Sitting of the Board of Directors took place in AK BARS Bank on December 18

Sitting of the Board of Directors of Joint Stock Commercial Bank AK BARS took place on December 18. Prime Minister of the Republic of Tatarstan Rustam Minnikhanov and Chairman of National Bank of Tatarstan Evgeniy Bogachev participated in the meeting.

The Board of Directors approved annual financial plan of AK BARS Bank for 2010. Issues concerning development of retail and corporate business of the Bank for 2010 were also discussed.

Members of the Board approved the plan for Internal Control department for 2010, adopted a decision on placing orders in the organizations of the disabled, prolonged the term of office of the Chairman of AK BARS Bank Management Board Robert Minnegaliev and approved large and related-party deals.

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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.