AFB Bank gets 20% rise in assets

Baku. 12 October. REPORT.AZ/ As of October 1, 2018 AFB Bank OJSC’s assets stood at AZN 420,042,000, up 20% from the previous year, Report informs citing the bank’s financial statement.

The bank says the loans given to customers dropped by 14% to AZN 146,645,000, liabilities surged by 23% to AZN 346,240,000, deposit portfolio soared 54% to AZN 220,589,000, authorized capital stood at AZN 70,394,000, total capital at AZN 73,802,000.

The net profit amounted to AZN 7,461,000, interest incomes to AZN 26,934,000, non-interest incomes to AZN 7,933,000, interest expenditures to AZN 2,181,000, non-interest expenditures to AZN 14,186,000.

The bank ended the reporting period on loss of AZN 11,312,000.