Please ensure Javascript is enabled for purposes of website accessibility "AFB Bank" ended the first quarter of 2022 with a profit

"AFB Bank" ended the first quarter of 2022 with a profit

← All news
Date of the month:

22 Apr, 2022

Number of views:

3686 people

 

"AFB Bank" OJSC, one of the leading banks in the country, ended the first quarter of 2022 with a net profit of 1.854 million manat.

In the first quarter of this year, net interest income was 3.6 million, net income and commission income was 1.2 million.

Net fee and commission income increased by 20% compared to the same period last year, and AFB Bank's sales of total loan products increased by 70% compared to the same period 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 total capital was set at 10% according to the norm of the Central Bank, which is 48% of the bank. Although the rate of Tier I capital is 5%, it is more than 46% in the bank.

It should be noted that the bank's total capital is 82 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.

At present, AFB Bank offers various banking services for both legal entities and individuals with 7 branches and 4 sub-branches.

Date of the month:

22 Apr, 2022

Number of views:

3686 people

Share with your friends:
Print or copy: