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Azerbaijani AFB Bank sees rise in Q2 profit

Azerbaijani AFB Bank sees rise in Q2 profit

28 July 2016 09:14 (UTC +04:00)

Baku. Yegane Lachinzade – APA-Economics. Azerbajani AFB Bank’s assets stood at AZN 304.418 million in the second quarter of 2016, up 5.56% compared to the same period of 2015, the bank told APA-Economics.

During the reporting period, the bank’s loan portfolio went up by 10.14% to AZN 197.422 million, deposit portfolio increased by 21.42% to AZN 108.910 million, personal savings soared by 13.56% to AZN 22.023 milion, liabilities amounted to AZN 222.923 million.

The bank’s total capital surged by 3.25% to AZN 81 million, authorized capital remained unchanged at AZN 70,393,455.

Bank’s profit in the fisrt half of 2016 amounted to AZN 1,232,340.22.

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