16:54 - 29.04.2020

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April 29, Fineko/abc.az. AFB Bank's profit increased by 23 times.

ABC.AZ informs that according to Bank's report, AFB Bank completed the first quarter of this year with profit of AZN 2.553 million.

The profit in this quarter is by 23 times more than the profit for the same term of last year. AFB Bank's revenues for Jan-Mar amounted to AZN 9.566 million (1.2% less than a year earlier), expenses AZN 4.906 million (9.9% less), and deductions to special reserves AZN 2.107 million (49% less). As of 1 April AFB Bank's assets totaled AZN 577.459 million (by 54.6% more than a year ago). Of them, AZN 395.252 million are net loans given to customers.

Bank's loan portfolio increased by 2.4 times this year.