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AFB Bank ends 2015 with profit

AFB Bank ends 2015 with profit

17 February 2016 15:48 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2016, Azerbaijan-based AFB Bank’s assets stood at AZN 312.574 mln, up 5.91% from previous year.

Bank says the loan portfolio fell 11.55% to AZN 181.008 mln, deposit portfolio rose 58.20% to AZN 123.282 mln, personal savings increased by 3.55 times to AZN 20.764 mln, total capital grew 3.83% to AZN 78,505,000, and the authorized capital remained unchanged at AZN 70,393,460.

Revenues surged 2.63 times to AZN 27.836 mln, expenditures soared 21.85% to AZN 11.267 mln.

Profit amounted to AZN 2,079,360.

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