The loan portfolio of AFB Bank OJSC decreased by 9.4% and made up AZN 181.01 million in 2015.
But, as stated in his report, 7.2% of its assets grew, reaching 312 million 574 thousand AZN by January 1 and the liabilities grew by 10.5% to 234.07 million manats.
The deposit accounts grew by 7.6% and amounted to 123 million 281 thousand AZN, including deposits of the population - 20 million 764 thousand manats.
The bank’s ownership capital by the end of the reported period was at the level of 78 million 504.9 thousand manats (+ 5.6%). During the year there was no change in the authorized capital of 70 million 393.46 thousand manats.
The bank completed last year with a net profit of 2 million 79.4 thousand manats.
AFB Bank OJSC has been operating in the market from 28 November 2008. The main shareholder is Gilan Ltd. (99.2%), with two individuals besides that. --17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review