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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

Updated: 27.04.2023

 

Shareholders

Current shareholding %

Ismayılov Hikmat Abuzar oglu

99.6406

Muradov Jamil Tahir oglu

0.1797

Haciyev Togrul Ulvi oglu

0.1797

Total

100.0

 

Our vision, mission and organizational values

AFB Bank 2025-2029 Strategy Executive Summary


Vision: AFB Bank aspires to become a leading financial institution that supports the individuals and businesses growth in all segments, builds a resilient and diversified income base, and strengthens its role in Azerbaijan’s financial sector through digital innovation and sustainable development


Mission: We leverage technology and digital capabilities to make banking smarter, faster, and more accessible for everyone, driving continuous development by delivering innovative and value-added financial solutions.

Organizational values

Customer Obsession -  We listen to create lasting value

Outcome Excellence -  We move swiftly from goals to outcomes

Integrated Ownership -  We own execution from decision to delivery

Everlasting growth -  We challenge ourselves to drive the Bank forward

Integrity - We communicate with clarity to build trust

 

  • 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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