AFB Bank increases assets to AZN 300 mln

AFB Bank increases assets to AZN 300 mln
# 12 February 2015 11:45 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, AFB Bank’s assets stood at AZN 295.132 mln, up 25.95% from previous year.

Bank says the loan portfolio rose 16.24% to AZN 204.636 mln, consumption loans grew 41.33% to AZN 46.340 mln, mortgage loans raised 45.46% to AZN 21.262 mln (AZN 20.286 mln given through AMF), and overdue credits advanced 68.11% to AZN 2.784 mln.

Deposit portfolio increased 10.13% to AZN 77.928 mln, personal savings doubled to AZN 5.843 mln.

Total portfolio went up 48.1% to AZN 75,606,250, authorized capital extended 66.24% to AZn 70,393,460.

Incomes dropped 10.583 mln, expenditures fell 37.82% to AZN 11.267 mln.

Profit made AZN 4,081,010.

The bank operates 10 branches, 40 ATMs and 1,001 POS-terminals across the country.

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