Bank Of Baku

AFB Bank increases assets 36.47%

AFB Bank increases assets 36.47%
# 01 December 2014 08:48 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. In the third quarter of 2014, AFB Bank’s assets stood at AZN 311.988 mln, up 36.47% from previous year.

 

Bank says the loan portfolio rose 28.35% to AZN 216.551 mln, consumption loans raised 56.35% to AZN 46.994 mln, mortgage loans grew 3.03 times to AZN 20.840 mln (AZN 18.667 mln given through AMF) and overdue credits fell 46.71% to AZN 7.382 mln.

 

Deposit portfolio advanced 15.33% to AZN 74.349 mln, personal savings went up 6.71% to AZN 5.478 mln.

 

Total capital was expanded 29.69% to AZN 66.141 mln, authorized capital increased 33.26% to AZN 59.720 mln.

 

Incomes surged 35.69% to AZN 23.028 mln, expenditures soared 45.96% to AZN 18.263 mln.

 

Profit made AZN 4.765 mln.  

 

The bank operates 14 branches, 39 ATMs and 1,059 POS-terminals across the country.

 

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