Azerbaijan’s AFB Bank incurred AZN 12 million of loss by end of 2017


January 24, Fineko/abc.az. Azerbaijani commercial AFB Bank has summed up the results of financial activity by the end of 2017.

According to Bank’s report, by the end of 2017 its revenues reached AZN 36.196 million, including interest income of AZN 24.67 million and non-interest earnings of AZN 11.5 million.

"In 2017, for which the Bank created reserves at the level AZN 30.006 million, was ended with net loss of AZN 12.185 million, despite the fact that AFB Bank completed 2016 with net profit of AZN 537,000," the Bank’s report says.

By the end of 2017 AFB Bank’s overall capital decreased by 18% to AZN 66.546 million and its share capital remained at the level of AZN 70.39 million.



Keywords: AFB Bank