ABOUT THE BANK
AFB Bank OJSC, licensed №253 by the Central Bank of Azerbaijan on November 28, 2008, has been operating since February 16, 2009.
Pursuant to Article 19 of the Law on Banks, AFB Bank was established as an Open Joint Stock Company as a Bank.
As one of the subjects of the Azerbaijani banking market, AFB Bank Open Joint Stock Company, in addition to supporting the country's economy and the monetary policy of our government, always prefers efficient and restrained, low-risk and measured activities aimed at dynamic development. The term of the bank is not limited in time.
The Bank is engaged in all types of activities not prohibited by the banking license obtained from the Central Bank of the Republic of Azerbaijan.
About shareholders
Shareholders | Current shareholding % |
Ismayılov Hikmat Abuzar | 99.6406 |
Muradov Jamil Tahir | 0.1797 |
Haciyev Togrul Ulvi oglu | 0.1797 |
Total | 100.0 |
Contact number
- Telephone +994 12565 6565
- Fax +994 12565 6566
- Info center +994 12565 6567
- E-mail info@afb.az
- Address
Baku city, Yasamal district, Nariman Narimanov avenue, 206/466
Our mission and corporate values
Our Strategic Vision
Contributing to the Azerbaijani economy by providing modern, high-quality financial services to both business and individual customers.
Our Mission
- Delivering high-quality, competitive services to our customers;
- Implementing high corporate governance standards;
- Enhancing the digital experience;
- Prioritizing sustainable financial principles to become a Universal Bank.
Our Corporate Values
Customer Satisfaction – The bank's operations are based on customer satisfaction, aiming to establish long-term partnerships. Customer satisfaction includes both internal and external customers.
Teamwork – The bank's employees work as a unified team, ensuring the collective execution of set goals.
Continuous Development and Innovation – The bank facilitates the ongoing development of both technological processes and employees by investing in innovation and adopting the latest technologies. Employee development is given special attention.
Result-Oriented Approach – The bank's employees focus on achieving tangible outcomes rather than simply completing tasks. They work with the principle of delivering concrete results while safeguarding and increasing the value of the bank's investors' assets.
Agility – The bank ensures operational efficiency across all management areas and responds promptly to market changes.
Transparency – While adhering to commercial and banking confidentiality, the bank prioritizes transparency across all areas of its operations.
Quality and Reliability – The bank provides long-term value to customers based on high-quality service and reliability principles.
FATCA
AFB Bank OJSC is also registered on the electronic portal of the Internal Revenue Service (IRS) in accordance with the requirements of FATCA.
AFB Bank OJSC is also a financial institution reporting under FATCA status: Model 1 IGA
Bank Global Identification Number (GIIN): - YZ908R.99999.SL.031
The primary purpose of FATCA is to ensure that new procedures for documenting and reporting customers to financial institutions, such as banks, such as identifying US taxpayers (“US Individuals”), are followed. According to the agreement, in accordance with the requirements of FATCA, the rules of admission of new clients came into force on July 1, 2014. However, accounts opened before July 1, 2014 are also required to be verified based on certain parameters.
Under the agreement, the bank, which is obliged to report to the Ministry of Taxes of the Republic of Azerbaijan in connection with US entities, will do the following on the basis of documents and information submitted to the bank to determine the customer's FATCA status:
- Assess the client's FATCA status;
- Identify US Signs (eg US address, US phone number, or US place of birth listed on the account documents) and make appropriate adjustments as needed. In this regard, the client may need to provide additional information (for example, US forms called "W-8-BEN", "W-8-BEN I for Legal Entities" or "W9" to confirm the status of FATCA).
- If the customer is considered US Private under FATCA requirements (or the bank does not provide the documents required to classify the customer's account for FATCA purposes), the information on the bank's existing accounts will be forwarded to the Ministry of Taxes of the Republic of Azerbaijan. ) will be presented. No information is required about non-US individuals.
For more information on FATCA, please visit the IRS website (www.irs.gov/FATCA) or the FATCA section of the official website of the Ministry of Taxes of the Republic of Azerbaijan (http://www.taxes.gov.az/modul.php?name= international & cat = 92).
You can get acquainted with the content of the application forms by following the links below.
W8 Ben W8 Ben-E W9
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