AFB Bank OJSC, one of the leading banks in the country, ended 2021 with a net profit of 9,303,000 manat.

In the same period last year, this figure was 5 million 388 thousand manat, which means an increase in net profit of 3 million 914 thousand manat or 73%. Net income from commissions and commissions was 5.5 million, an increase of 22% over the previous year. As a result of the work done to solve problem loans, the return from the target reserves created for possible losses has increased by almost 2 times compared to last year.

The adequacy ratio of the Bank's total capital and Tier I capital is many times higher than the Central Bank's norms. Thus, the coefficient of adequacy of aggregate capital was set at 10% according to the CB norm, which is 46% of the Bank, respectively, although the rate of Tier I capital is 5%, in the Bank this figure is more than 40%.

Note: that the bank's total capital is 80.0 million manat.

In accordance with the requirements of the Central Bank of the Republic of Azerbaijan, AFB Bank publishes quarterly financial statements, including total capital, on its official website.

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