Please ensure Javascript is enabled for purposes of website accessibility "AFB Bank" has completed the third quarter of 2021 with a net profit of up to 5 times.

"AFB Bank" has completed the third quarter of 2021 with a net profit of up to 5 times.

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Date of the month:

25 Oct, 2021

Number of views:

3471 people

"AFB Bank" OJSC ended the end of the 3rd quarter of 2021 with a net profit of 8 million 676 thousand manat.

In the same period last year, this figure was 1 million 775 thousand manat, which means an increase in net profit of 6 million 901 thousand manat or up to 5 times.

As a result of the work done to solve problem loans, interest income on loans has more than doubled 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 aggregate capital was set at 10% according to the CB norm, which is 49% of the Bank, respectively, although the rate of Tier I capital is 5%, in the Bank this figure is more than 43%.

 

It should be noted that the bank's total capital is 84.7 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. You can get more information about these services from the 1545 Call Center or from the Bank's pages on various social networks.

Date of the month:

25 Oct, 2021

Number of views:

3471 people

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