Ak Bars Holding
OJSC Ak Bars Holding is a diversified financial holding based in Kazan, Russia and established in 1998. Ak Bars is said to keep close links to the Tatarstan government.
Ak Bars Bank, part of the holding, is one of the 20 largest Russian banks by assets, and counts over 3 million retail customers. In 2017 it had a B2 credit rating from Moody's and a B rating from Fitch.
In 2014 Ak Bars became the first bank in Russia to apply Sharia banking. Because of this, it refuses financing to alcohol or gambling-related businesses, or the construction of pig farms. Tatneft holds a 17% stake in Ak Bars Bank.
Ak Bars Holding owns stakes in Zelenodolsk Shipyard, and formerly Ak Bars Aero.
