Due to the corporate parties, the credit portfolio of AFB Bank by October 1 was 216,550,600 manat (+ 23.2% against the beginning of the year).
According to the report of the bank, its assets increased by one-third (33.1%), amounting to 311 987 700 manat. Its liabilities, including long-term ones, on the basis of the 3 quarters, were equal to 244,803,100 manat (+ 35.4%).
The level of deposits was 74,349,000 manat (+ 5.1%), with private contributions of 17 million manat (+ 18.9%).
There was recorded solid increase in the capital – the equity capital amounted to 67,184,550 manat (+ 25.4%), and the authorized capital amounted to 59,710,530 manat (41%).
The activity was not a loss – in the first 9 months of 2014 the net income was 4,764,900 manat.
AFB Bank (formerly Azfinansbank) received a banking license on 28 November 2008. The major shareholder is Gilan Ltd. (99,2%) plus two individuals. --17D-
Economics
-
Temporary suspension of gas supplies from Azerbaijan to Serbia will be avoided, Serbian President Aleksandar Vucic announced on Sunday.
-
On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
Leave a review