Zufar Garaev was appointed The Chairman of the Management Board of AK BARS Bank

In accordance with the Decision of the Board of Directors, Zufar Garaev was appointed the Chairman of the Management Board of PJSC AK BARS Bank. The Decision was approved by the Division — National Bank of the Republic of Tatarstan of the Volga-Vyatka Main Branch of the Central Bank of the Russian Federation.

Zufar Garaev stated that, as of today, AK BARS Bank has all necessary resources to successfully confront the challenges facing the banking sector and the economy as a whole. The Bank will pursue its development activities, such as improvement of client service quality, development of remote banking services, optimization of business processes, and enhancement of the work efficiency of the whole Bank.

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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.