AFB Bank’s special reserves make up AZN 25M

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18 October 2017

AFB Bank’s assets in the nine months of 2017 amounted to AZN 349,500,000, up 18.49% from previous year.

 

Bank says the loan portfolio rose 6.23% to AZN 219.882 million, deposit portfolio surged 44.26% to AZN 143.407 million, personal savings raised 24.73% to AZN 26.176 million, and liabilities made up AZN 281.920 million.

 

Authorized capital remained unchanged at AZN 70.393 million.

 

Incomes dropped by 9.84% to AZN 23.357 million, expenditures slid by 30.96% to AZN 12.631 million.

 

The bank ended the nine months of 2017 on loss of AZN 11,312,329 due to the fact that it allocated AZN 25.305 million for special reserves. 

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