The volume of deposits in OJSC AFB Bank by the end of the first quarter was at the level of 74 million 710.3 thousand manat, of which less than a third (22 million 943 thousand) were deposits of the population that is a sign of corporate financial structure.
The bank's assets amounted to 293 million 187 thousand manat (minus 0.3%) at the loan portfolio of 208 million 177 thousand manat (3.1%) and liabilities of 214 million 139 thousand manat (minus 2%).
The equity capital at the end of the first quarter was 79 million 47.3 thousand manat (3.1%) at the authorized capital of 70 million 393.46 thousand manat constant YTD.
By April 1, the bank came up with a net profit of 2 million 270 thousand manat.
JSC AFB Bank (initially acted as Azfinansbank) received a banking license on 28 November 2008. Its shareholders are a single legal entity (LLC Gilan – 99.2%) and two individuals. --17D-
Economics
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Representatives of Azerbaijan's Land Transport Agency (AYNA) and the State Customs Committee visited the Julfa and Poldasht border checkpoints to address challenges in cargo transport and enhance border efficiency with Iran.
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The Azerbaijani government has adopted new guidelines to facilitate employment for individuals with special social protection needs and those facing difficulties in securing jobs. The resolution, approved on December 29 by the Cabinet of Ministers, outlines targeted programs aimed at job creation through public-private collaboration.
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The Cabinet of Ministers of Azerbaijan has approved new regulations to facilitate targeted employment programs aimed at supporting individuals with special social protection needs and those facing employment challenges. The measures, under the State Employment Agency, seek to enhance job creation in priority economic sectors.
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The Cabinet of Ministers of Azerbaijan has announced key amendments to various regulatory acts to ensure compliance with the law adopted on May 24, 2024, aimed at updating the Tax Code, the Customs Code, and laws on state duties and licensing.
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