Fitch confirms AFB`s rating at ‘B’ level

17:50 - 12.07.2019

July 12, Fineko/abc.az. International rating agency Fitch has confirmed AFB Bank's long-term default rating (EDR) at the level of "B".

Fitch reports that the forecast of rating is Stable.

AFB Bank started its activity in 2008 under name Azfinansbank, and its rebranding took place in 2009.

The authorized capital of AFB Bank is AZN 70.394 million. 99.64% of its shares belong to Hikmet Ismayilov (the owner of 100% shares of Azsıgorta, owner of 31.11% of shares of Bank of Baku), 0.18% to Jamil Muradov (president of board of Gilan Holding), and 0.18% to Akbar Abdullayev.

 

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