investors/key-milestones/ Copier/3.x [XR&CO'2010], Sun, 22 Feb 2015 11:57:56 GMT --> Key milestones
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Key milestones

1993 AK BARS Bank founded by the Government of the Republic of Tatarstan.
1994 AK BARS Bank Bills of Exchange Programme launched, enabling Bank to offer new level of corporate customer service.
1995

Bank obtains Bank license for exchange transactions, resulting in rapid expansion in retail Bank.

22 new AK BARS Bank offices opened within Republic of Tatarstan.

1996 AK BARS Bank’s Bills of Exchange Programme becomes active.
1997 AK BARS Bank authorized to hold Republic of Tatarstan’s gold reserves.
1998

AK BARS Bank made Authorized Bank of the Government by Cabinet of Ministers of Republic of Tatarstan.

Bank joins Society for Worldwide Interbank Financial Telecommunication (S.W.I.F.T).

1999

AK BARS Bank joins international payment system - Western Union Money Transfer - and the Association of Russian Banks, providing access to Interkamabank.

Becomes member of the Association of Bill Market Participants (AUVER).

2000 AK BARS Bank starts issuing international plastic cards: Eurocard/MasterCard, Cirrus/Maestro and Union Card.
2001

AK BARS Bank signs EUR 5 million finance project agreement with Bayerisch Hypo and Vereinsbank AG (Germany).

Receives first gold deposits of 36 kg.

Begins vigorous lending to small and medium-sized businesses in Republic of Tatarstan.

2002

AK BARS Bank is assigned following ratings by Fitch Ratings Agency;

Short-term: ‘B’
Long-term: ‘B-‘
Individual: ‘D’
Support: ‘4’

Obtains first international syndicated loan.

Signs EUR 25 million loan agreement with Spain’s largest bank – Banco Bilbao Vizcaya Argentaria.

2003

AK BARS Bank opens first branches outside Republic of Tatarstan.

Launches new Internet system – ‘Client-Bank’- enabling corporate customers to manage their current accounts.

Becomes member of the Russian Trading System.

2004 AK BARS Bank signs 5 year interbank loan for EUR 11.9 million with Komercni Banka (Czech Republic).
2005

AK BARS Bank is assigned following ratings by Moody’s Investors Service:

Long-term: ‘Ba3’
Financial Strength: ‘E+’
National Scale Long-term rating: ‘Aa3’

Becomes Associate Member of the international payment system VISA and a Principal Member of MasterCard.

Issues debut Eurobonds and obtains a syndicated loan.

Becomes a founder of the National Bureau of Credit Histories.

2006

AK BARS Bank issues rouble bonds and obtains two syndicated loans.

Share capital reaches US$ 886 million.

2007

AK BARS Bank ratings upgraded:

Fitch Ratings: ‘BB-‘(Outlook Stable)
Moody’s: ‘Ba2’ (Stable)

Issues Eurobonds for US$ 250 million.

Raises syndicated loans.

Issues Visa Platinum premium-class bank card.

2008

AK BARS Bank rating further upgraded:

Fitch Ratings: ‘BB‘ (Outlook Stable)

Obtains syndicated loan and also repays syndicated loans of US$ 200 million.

Receives licence from MasterCard Worldwide for merchant acquiring.

Issues US$ 300 million three-year Eurobonds.

2009

AK BARS Bank rated 16th amongst the largest Russian mortgage banks by RBC.

Repays a syndicated loan of US$ 200 million.

Increases its share capital by US$ 300 million to US$ 932 million (November).

Issues US$ 280 million Eurobonds (December).

2010

AK BARS Bank receives Principal Member VISA status.

Redeems US$ 176 million Eurobonds.

Resumes disbursement of State concessional car loans.

Becomes a founder of OJSC ‘Universal Electronic Card’, which is authorized to issue and service unified electronic card with ID information and Bank card appliance.

2011

AK BARS Bank issues its millionth credit/debit card.

Successfully closes its debut in CIS Murabaha deal by attracting syndicated financing of US$ 60 million (September).

Acquires General Partner status of the 27th World Summer Universiade, 2013, as well as becoming the Official Bank and Official Provider of Bank Services of the competition.

2012

AK BARS Bank rated by RBC as one of the ‘TOP-10 retail banks in Russia’ in 2011.

Issues unique Multiservice card, using MasterCard PayPass technology, allowing instant payment for routine shopping in one touch.

Bank’s Murabaha Islamic Financing facility (Bloomberg <BL0179715>) voted the ‘Deal of the Year 2011’ by the Islamic Finance News Awards.

AK BARS Bank raises US$ 600 million within the US. $1.5 billion EMTN programme, for the issuance of 8 per cent. Loan Participation Notes due 2022.

AK BARS Bank issues US$ 500 million 8.75 per cent. Eurobonds due 2015 in the form of LPN 

AK BARS Bank issues 5 bln. Rub. Bond. 

Acts as General Financial Partner for Kazan’s Football Club ‘Rubin’ (2012-2013 season).

2013 

AK BARS Bank raises US$ 100,000,000 within Murabaha facility 

AK BARS Bank becomes a Strategic Partner of SEZ «Innopolis».

AK BARS Bank issues BO-02 and BO-03 series ruble bonds worth 5bln.each.

AK BARS Bank in cooperation with MasterCard Worldwide international payment system implements a number of payment infrastructure innovative products within 2013 Summer Universiade.

AK BARS Bank and Kazan (Volga region) Federal University sign cooperation and strategic partnership agreement for the establishment and implementation of a joint project called “Education Unit ‘AK BARS BANK Business School’”

MICEX has authorized the trading of three-year bonds issued by AK BARS Bank worth a total of 13 bn. rubles

2014

AK BARS Bank successfully issues BО-04 series 5 bln. ruble bonds maturing in 3 years with allocation at Moscow Exchange

AK BARS Bank closes its mortgage portfolio securitization deal within the issue of mortgage-backed bonds in the amount of RUB $2.5 bln. under the Programme of Vnesheconombank - Investment  in Affordable Housing Construction Projects and Mortgage Lending in 2010-2013.

AK BARS Bank successfully repays its obligations under Murabaha project on 30 December 2014

In August, Fitch Ratings has affirmed AK BARS Bank's Long-term Issuer Default Rating at 'BB-' with a Stable Outlook. 

The Bank receives the status of a Participating Financial Institution in accordance with the FATCA and an individual identification number ZDFUFB.00000.LE.643 (GIIN).

AK BARS BANK

1 Dekabristov st, 420066, Kazan, Russia

General queries

  • Tel +7 (843) 2 303 303
  • Fax +7 (843) 519 39 75

Aydar Mukhametzyanov, Director, Investment Business

Oleg Karpeev, Director, Corporate Finance
Ilya Velder, Managing Director, International Bank and Financial Institutions
Kadria Ibragimova Director, Financial Institutions

AK BARS BANK

Elina Khayrullina,  Investor Relations   Deniza Taron, Investor Relations 

Damir Vafin, Trading

Rustam Askarov, Brokerage services



investors/key-milestones/ Copier/3.x [XR&CO'2010], Sun, 22 Feb 2015 11:57:56 GMT -->