The assets of AFB Bank in the third quarter of 2016 compared to the beginning of the year decreased by 14 million 891 thousand manat (4.8%), amounting to 293 million 839 thousand manat.
The bank's liabilities for the period decreased by 10.5% (24 million 450 thousand manat) to 207 million 914 thousand manat.
Deposits in the bank for three quarters of the current year amounted to 99 million 406 thousand manat. In the structure of deposits demand deposits of legal entities amount to 77 million 543 thousand manat and time deposits of legal entities were 876 million 76 thousand manat.
Demand deposits of individuals amounted to 16 million 69 thousand manat, while time deposits of individuals were 4 million 916 thousand manat.
The bank's capital in the first nine months of 2016 increased by 12.5% (9 million 559 thousand manat) and made up 85 million 925 thousand manat.
Over three quarters AFB bank had 4 million 341 thousand manat of net profit. ------71D
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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