AK BARS BANK:
KEY PERFORMANCE INDICATORS
3d quarter 2014
3d quarter 2014
1
BANK PROFILE
Name
Joint-Stock Commercial Bank «AK BARS» (Open Joint-Stock Company)
Registration
November 29, 1993
General license of the Central Bank of the Russian Federation №2590
License of the Central Bank of Russia for banking operations with precious
metals
Type of license
Authorised capital
28,2 bn rubles = $716,37 million (as of October 1, 2014)
Equity capital
47,7 bn rubles = $1209,96 million (CB of the Russian Federation currency
rate as of October 1, 2014, 1 USD = 39,3866 RUR)
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2
License of a professional securities market participant, issued by the Federal
Commission for the Securities Market of the Russian Federation, on the
broker, dealer, depositary activities and valuable securities management
SCC (State Customs Committee) permission to act as guarantor of customs
payments to customs authorities
BANK PROFILE
Assests
403,1 bn rubles = 10,24 bn $ (as of 01.10.2014)
Branch network
40 branches, 235 supplementary offices, 13 operating offices, 104 operating
cash desks, 1 mobile unit and cash services (as of 01.10.2014)
ZAO PricewaterhouseCoopers Audit (PricewaterhouseCooper’s)
Auditor
Profit
LLC “Sredne-Volzhskoye Expert Bureau”
As of 1.10.2014: 289,7 million rub. = USD 7,35 million
The member of the World community of banking telecommunications
«Swift» (S.W.I.F.T) and associations
The subscriber of Information-dealing system «Reuters Dealing»
Memebership in
assosiations
The member of Moscow Interbank Currency Exchange (MICEX)
The member of the Bill Market Association (AUVeR)
The member of the Banking Association of Tatarstan
The member of the Russian Banks association
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3
BANK’S INTERNATIONAL RATINGS
Fitch Ratings as of October 1, 2014
Long-term rating
BB-
Short-term rating
B
Stability rating
b-
Support rating
3
Long-term stability forecast
Long-term issuer default rating in the national
currency
Long-term rating according to the national scale
Last review date – 15th August, 2014
3d quarter 2014
4
stable
BBA+ (rus)
BANK’S INTERNATIONAL RATINGS
Moody`s Investors Service as of October 1, 2014
Long-term rating
B1
Standalone credit assessment rating
b3
Finacial stability rating
E+
Forecast
stable
Long-term credit rating according to the national
scale (Moody's Interfax)
A2.ru
Last review date – 10th of December, 2013
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5
RUSSIAN RATINGS
According to the ‘Profile’ magazine as of 01.10.2014, AK BARS Bank
is ranked:
:
By equity
16
By assets
18
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6
BANK’S SHARE IN THE BANKING SERVICES
MARKET OF TATARSTAN AS OF 01.07.2014
Raised funds
Provided
loans
Proprietor's
funds
Total assets
АК BARS Bank,
mln rub.
340 590,1
251 845,2
49 608,2
405 742,4
The banking system of
Tatarstan, mln rub.
887 039,8
785 284,7
111 095,1
1 111 335,7
Share in percentage
terms
38,40%
32,07%
44,65%
36,51%
1200000
1000000
800000
600000
400000
200000
0
AK BARS BANK, mln. rub.
3d quarter 2014
7
Banking system of Tatarstan, mln. rub.
BRANCH NETWORK
40 branches
235 supplementary offices
13 cash offices
Kazan
104 cash desks
Bank subsidiary in the city of Saratov — ‘Naratbank’
Thus, AK BARS Bank operates in the markets of 30
regions of the Russian Federation
St.Petersburg
Velikiy Novgorod
Pskov
Yaroslavl
Moscow
Rostov-onDon
Krasnodar
Ryazan
Kirov
Nizhniy Novgorod
Saransk
Yoskar-Ola
Izhevsk
Perm
Cheboksary
Ekaterinburg
Kazan
Ulyanovsk
Togliatti
Tymen
Ufa
Saratov Samara
Omsk
Оrenburg
Novosibirsk
Stavropol
Barnaul
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8
Кrasnoyarsk
MAIN STOCKHOLDERS
OJSC «Svyazinvestneftekhim»
18,492%
The Republic of Tatarstan, represented by the Ministry of Land and
Property regulations of Tatarstan
15,309%
«IKS-LUCH» Ltd
13,600%
«OSMAND HOLDING LIMITED» Company
11,611%
«Investment and Consulting» Ltd
11,528%
«Sinek Investments&Developments Limited» Company
9,213%
OJSC «Holding company «Ak Bars»
8,955%
CJSC «Еurobest»
3,400%
OJSC «Nizhnekamskneftekhim»
2,482%
«Zvezda» Ltd
1,678%
«Prosper invest» Ltd
1,210%
Stakeholders owning less than 1% of the equity capital
2,522%
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MANAGEMENT OF THE BANK
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Sorokin
Valeriy Yurievich
Minnegaliev
Robert Khamitovich
The Chairman of the Board of
Directors
The Chairman of the
Management Board
BOARD OF DIRECTORS
Аvanesyan Igor Grigorievich
Аlekseev Sergey Vladimirovich
Volkova Farida Rakhimovna
Lavrentiev Aleksander Petrovich
Levin Yuriy Lvovich
Minnegaliev Robert Khamitovich
Sorokin Valeriy Yurievich
Tikhturov Evgeniy Aleksandrovich
Khairullin Аrtur Nailevich
Shagiakhmetov Midkhat Rafkatovich
Shibaev Sergey Viktorovich
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MANAGEMENT BOARD
Management Chairman
First deputy of the Management Board
First Deputy of the Chairman of the
Management Board
Shagitov Marat Faatovich
Gubaidullin Ilfan Ekzamovich
Deputy Chairman of the Board
Davletshin Bulat Sagidovich
Deputy Chairman of the Board
Slayakhutdinov Radik Ildusovich
The Director of Risks Directorate
12
Garaev Zufar Fanilovich
Deputy Chairman of the Board
Chief Accountant
3d quarter 2014
Minnegaliev Robert Khamitovich
Bayazitov Airat Keazymovich
Sattarova Gulnara Rashidovna
BANK SERVICES
The growth of the client base is the best
evidence of the clients' trust to the Bank
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•
The Bank provides over
100 kinds of services to
businesses and individuals
•
As per October 1, 2014,
the Bank has 40 branches
and 235 supplementary
offices providing full
services in the
administrative regions of
Tatarstan and the Russian
Federation regions
SERVICES TO CORPORATE CLIENTS
•
Lending
•
Financing of investment projects
•
Financing of export and import operations
•
Providing securty bonds
•
Deposits
•
Accrual of interests on the minimum balance on the bank account
•
Payment and cash services
•
•
•
•
Distance-bank services
Collection
Currency regulation
Currency exchange transactions
•
Transfers of salaries and wages to the employees' bank cards
•
Corporate cards
•
Trade and Internet acquiring
•
Оperations with precious metals
•
Provision of a presonal bank safe
•
Оperations with securities
•
Depository (bank safety deposit box) services
•
Sale of collaterized property (pledged assets)
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CLIENT BASE. CORPORATE CLIENTS
70000
60000
57870
50000
47149
44241
38770
40000
34626
29414
30000
26231
23388
21225
20000
10000
0
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15
51670
51074 50013 50457
49053 49067 49758 50548
53343
54827
59880
SERVICES TO INDIVIDUAL CLIENTS
•
Customer loans
•
Mortgage loans
•
Car loans
•
Deposits
•
Money transfers across Russia and abroad
•
Acceptance of payments
•
Currency exchange operations
•
Operating accounts
•
Depository services
•
Operations with bank cards
•
Operations with precious metals
•
Povision of personal bank safes (lending)
•
Оperations with securities
•
Distance-bank sercises
•
Credit cards
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CLIENT BASE. INDIVIDUALS
3500000
2934586 2948250 2897223 2939420
3000000
2642978
2525240 2519731
2500000
2026020
2000000
1800696
1489209
1500000
1317260
1000000
891132
728650
500000
0
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2195756
2058661
2248586
2328467
2726389
BANK MILESTONES IN 2013
September 18 - AK BARS Bank issued «Ak Bars» Hockey Club » fan card
For the first time in Russia, specially for hockey fans, AK BARS Bank together with the «Ak Bars»
Hockey Club» issued a «Fan card». The new card is simultanesouly a ticket to all home games of the
favorite team and the payment card of international payment system MasterCard WorldWide, with
one-touch payment technology MasterCard PayPass®; besides it has a transport application and a
special program of bonuses and discounts for sports purchases in the company store of «Ak Bars»
HC and payments for goods and services at «Tatneft» gas stations network.
November 27 - The «Multiservice» card MasterCard with PayPass® function of АК
BARS Bank ranks among the best Russian products
Kazan City Hall hosted the ceremony of awarding the winners of the contest, as well as the contest of
«The Best Products and Services of the Republic of Tatarstan». In addition to the above awards, the
«Multiservice» MasterCard card with PayPass® function was also awarded the status of «The Novelty
of the Year». The «Multiservice» card of AK BARS Bank combines a large number of functions and
services. The key feature of the card is a combination of many functions and non-financial services,
including contactless payment technology MasterCard PayPass®, enabling for payment in one touch.
Such honorary award displayed the high level of innovative products of AK BARS Bank and their
convenience for customers.
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BANK MILESTONES IN 2013
November 29 - АК BARS Bank celebrated its 20th anniversary
A full member of the global banking system OJSC AK BARS Bank entered the third decade of its
activity among the 20 largest credit institutions in Russia. With all types of banking licenses, AK BARS
Bank provides over 100 kinds of banking services. The balance of interests is the main principle of AK
BARS Bank has been making reality for 20 years. The Bank regularly expands its product line,
upgrades the quality of services, reaches mutually beneficial relationship with customers and
partners. Today it is difficult to imagine the banking system of the republic without AK BARS Bank,
being the stable and efficient financial institution with the potential for further growth.
December 10 - Moody’s raised the rating of АК BARS Bank
Moody's Agency raised the long-term deposit rating of AK BARS Bank in the local and foreign
currencies from B2 to B1. Simultaneously, the own financial strength rating was increased from the
level E to E+. The forecast in both ratings is stable. The key aspect influencing the positive rating
revision by the agency was the reduction of non-core assets of the Bank, to decrease the pressure on
the capital. The rating of the own financial strength of the Bank is supported by the strong
commercial franchise in the Republic of Tatarstan and the adequate network of the Bank in the region.
Simultaneously, the rating agency Moody's Interfax raised AK BARS Bank's rating on the national
scale from the level A3.ru to A2.ru. The national scale rating has no forecasts.
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BANK MILESTONES IN 2014
January 29 - АК BARS Bank drew invetments into Tatarstan economy on Shariah
principles
OJSC AK BARS Bank drew funds of 100 million US dollars to the region's economy. The funds were
provided by the group of international banks with the documentation on the transaction signed on
December 30, 2013.
The project became the second Islamic deal of AK BARS Bank in compliance with the Shariah
principles, after the first, opening deal in Russia and the CIS for 60 million US dollars in 2011. This
«Murabaha» transaction was successfully met in the market. A as result, the demand became
significantly higher than offer and a syndicate of participants from 11 banks was formed. The
placement results confirmed the Bank's reputation as a reliable loaner among investors and became
the display of strong relationships with business partners.
February 20 - OJSC АК BARS Bank paid the coupon yield on the stock bonds of
BO-03 series
On the 20th of February 2014, OJSC AK BARS Bank paied the coupon yield on the issue of interestbearing inconvertible bonds of BO-03 series with mandatory centralized storage (ID registration
number: 4B020302590B from 25.06.2013) for the first coupon period.
The bondholders were paid 44 rubles13 kopecks (forty-four rubles 13 kopecks) per bond, based on
the coupon rate of 8.85%. The total income paid on the first coupon was 220,650,000 rubles. 00
kopecks. (two hundred twenty million six hundred fifty thousand rubles 00 kopecks).
The stock bonds of BO-03 series are included in the Lombard List of the Bank of Russia and in the
Quotation list «A» of the first level of CJSC «MICEX Stock Exchange». The offer for BO-03 series
bonds will be held in February 2015.
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BANK MILESTONES IN 2014
8 May – The pilot project «School student card» was launched in Tatarstan
The Ministry of Education and Science of the Republic of Tatarstan, the Ministry of Information and
Communications of the Republic of Tatastan, the State Unitary Enterprise of the Republic of Tatarstan
«Information Technologies Center» together with OJSC AK BARS Bank and the international payment
system MasterCard launched an innovative project in a number of schools of Zelenodol'sk - «The
school student card». The project aims at establishing of non-cash payments by the school students
at school and beyond. An important aspect here is also establishing the record system of students'
attendance at schools and institutions of further education.
May 30 - The International Forum of NFC Live 2014 Kazan took place, with OJSC
AK BARS Bank being its general partner
The international forum NFC Live 2014 Kazan was attended by the leaders and specialists of banks
and payment systems, of transport and telecommunications companies, retail companies, municipal
and state agencies in charge of payment services development, marketing and loyalty programs, as
well as the developers of NFC technology-based soultions. The forum became the platform for
discussion of NFC technology application prospects in various market segments and the assessment
of the already implemented projects. The Forum program included round tables and panel
discussions on topical issues of the market, the exhibition where the attendants could get familiar with
the solutions offered by the Russian and foreign companies, a tour of the historical part of Kazan and
the acquaintance its recent NFC-infrastructure.
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BANK MILESTONES IN 2014
May 30 - АК BARS Bank hosted the Annual meeting of the shareholders
As part of the agenda, the Bank's shareholders approved the annual report, the annual financial
statements of 2013 as well as the profit distribution of AK BARS Bank for the fiscal year 2013
recommended by the Board of Directors. The meeting was attended by the Prime Minister of the
Republic of Tatarstan, Ildar Khalikov, and the Chairman of the National Bank of the Republic of
Tatarstan, Evgeniy Bogachev.
The Chairman of the Board of OJSC AK BARS Bank, Robert Minnegaliev summarized the results of
the Bank's activity in 2013.
During the reporting year the Bank increased the scope of activities, as a result of which the assets
increased for 26.6 billion rubles, and by the end of the reporting year reached 363.2 billion rubles. The
capital with the consideration of the subordinated debt amounted to 50.2 billion rubles. The
customers' funds drawn to the bank increased for 13% and totaled 240.3 billion rubles by the end of
2013. The net loans increased for 3.9%, reaching 227.4 billion rubles for the reporting year. The
financial result of the bank became the acquisition of the net profit of 938.2 million rubles.
At the meeting, the auditors of AK BARS Bank - LLC «Mid-Volga Expert Bureau» and ZAO
«PricewaterhouseCoopers Audit» were approved. The shareholders approved the Bank's Charter in
the new edition, as well as changes to the Regulation «On the General Meeting of Shareholders of
OJSC» AK BARS Bank as well as the Regulation «On the Board of Directors of OJSC» AK BARS
Bank. In addition, the shareholders determined the number of the elected members of the Board of
Directors and of the Audit Commission of AK BARS Bank.
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BANK MILESTONES IN 2014
5-6 June - AK BARS Bank - the Annual sponsor of Kazansummit
AK BARS Bank is the annual participant of International Economic Summit of Russia and OIC
countries being held in Kazan since 2009. KazanSummit’s mission is to improve and strengthen
economic and trade relations of Russian Federation and OIC member countries. Summit gives an
opportunity to maintain an open dialog about business tendencies, investment prospects and trading
between Russia and Islamic world.
The Bank participated in the session on «The development of financial infrastructure in Russia and
CIS».
26 June - AK BARS Bank participated in IFN Europe Forum 2014
AK BARS Bank participated in IFN Europe Forum 2014 on 26 June. The Forum was organized by
Islamic Finance News (IFN), the leading specialized journal for the Islamic finance market. This year
the Islamic Finance News awarded the Bank with special honorable prize under Europe’s Best Deal
nomination within the Bank’s USD 100 mln. Murabaha deal.
AK BARS Bank acted as Associated sponsor of the Forum first time being held in Luxembourg. Within
its session, AK BARS Bank’s representatives shared the Bank’s experience in second Sharia
compliant Murabaha international Islamic syndication. The Bank’s session was well received raising
significant interest of the international banks.
AK BARS Bank also became a participant of the exhibition allowing to present investment
opportunities of the Bank and the Republic of Tatarstan.
The Forum brought together leading companies and financial institutions from across Europe and
Middle East.
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BANK MILESTONES IN 2014
18 August - Fitch Ratings have confirmed the rating of AK BARS Bank
Fitch Ratings have affirmed the long-term Issuer Default Rating ("IDR") of AK BARS Bank at the level
of "BB-" and the Rating forcast as 'Stable'. The rating reflects Fitch's view on potential (moderate)
support by the regional authorities, and, if necessary, taking into account that the majority share of the
Bank is owned by such authorities (indirectly) that also have the operational control over the Bank; as
well as the history of capital and liquidity support up to date and the significant market volume of the
Bank in the banking sector of the Republic of Tatarstan.
1 September - AK BARS Bank's "Campus Map" for the Volga Region State
Academy of Physical Culture, Sports and Tourism
The modern financial instrument, "The campus card" by AK BARS Bank became available at the
beginning of the new school year for students, teachers and employees of the Volga Region State
Academy of Physical Culture, Sports and Tourism.
"The Campus Card" of the Volga Region State Academy of Physical Culture, Sports and Tourism,
issued on the basis of multi-card MasterCard® PayPass® by AK BARS Bank is a unique, innovative
product. Among the services embedded in the "Campus Map" are: one-touch payments in public
passenger transport in the number of cities of Tatarstan, the electronic student's card functions (for
the students of the Academy), the electronic authentication of an employee (for teachers and other
staff of the Academy), the electronic pass system control and admission control, the electronic library
card, as well as discounts and bonuses for shopping within the loyalty program "The companies'
friend", as well as the international program ISIC (for the students). An employee's salary and
educational grants will be provided for students of the Academy on this card.
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MAIN FOREIGN CORRESPONDENT BANKS
JP Morgan Chase Bank NA
Deutsche Bank Trust Company Americas (USA)
Commerzbank AG
Deutsche Bank AG (Germаny)
VTB Bank (France) SA
(France)
Komercni Banka as
(Czech Republic)
Industrial and Commercial Bank of China (China)
UBS AG (Switzerland)
Commerzbank AG, Luxembourg branch
(Luxembourg)
Skandinaviska Enskilda Banken AB (Publ)
(Sweden)
Nordea Bank Finland Plc (Finland)
The Bank of Tokyo-Mitsubishi UFJ, Ltd (Japan)
Turkiye Is Bankasi A.S. (Тurkey)
3d quarter 2014
25
MAIN FOREIGN CORRESPONDENT BANKS
Raiffeisen Bank International AG
UniCredit Bank Austria AG (Austria)
Credit Suisse
UBS AG (Switzerland)
Commerzbank AG
Landesbank Berlin AG
Deutsche Bank AG
Landesbank Baden-Württemberg (Germany)
Intesa Sanpaolo SpA
UBI Banca (Unione di Banche Italiane Scpa)
(Italy)
Danske Bank a/s (Denmark)
KBC Bank NV (Belgium)
Islamic Bank of Development (UAE)
ING Bank NV (The Netherlands)
The Eurasian Bank of Development (Кazakhstan)
BNP Paribas (France)
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26
MONETARY FINANCIAL MARKET: PARTNERS
Major Russian and foreign partner banks
•
•
•
•
•
•
•
•
•
•
•
•
•
•
АLFA BANK
OJSC VNESHTORGBANK
ST.PETERSBURG BANK
THE BANK OF MOSCOW
GAZPROM BANK
«FK OTKRYTIE» BANK
NOVIKOMBANK
PETROKOMMERTSBANK
PROMSVYAZBANK
ROSBANK
ROSSELKHOZBANK
SBERBANK RF
CITY BANK of Moscow
KHANTY-MANSIYSK BANK
•
•
The total number of the signed interbank agreements - 114
An active participant of interbank market
3d quarter 2014
27
•
•
•
•
•
Barclays Bank, London
BNP PARIBAS, France
Commerzbank AG, Germany
Citi Bank, USA
JPMORGAN CHASE BANK N.A.,USA
BANK’S ASSETS
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28
ASSETS STRUCTURE
As of 01.10.2014
Monetary funds
2,58%
Funds in the Bank of Russia
instrituations
2,89%
Funds in the loan institutions
0,63%
Net inputs in securities
13,82%
Net lending receivables
65,23%
Fixed assets, intangible and material
assets
Other assets
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29
0,95%
13,90%
LIABILITIES AND OWNER'S EQUITY STRUCTURE
As of 01.10.2014
3d quarter 2014
30
The CB of the RF funds
7,12%
The funds of loan organizations
2,89%
The funds of legal entities
39,98%
The funds of private persons
18,92%
Own debt liabilities
19,30%
Other liabilities
2,34%
Own funds
9,45%
mln. rub
BANK’S PROFIT AFTER TAX
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