AI will summarize what happened, why it matters and what it means for business.
In annual terms, the bank's income rose by 91.7% to 29.485 million manats, while expenses increased by 99.5% (28.636 million manats).
Assets grew by 72.2% to 536.916 million manats, and the loan portfolio doubled to 380.558 million manats. Liabilities rose by 95.2% (461.426 million manats), and the deposit portfolio increased 2.4 times (342.289 million manats).
The bank was founded in 2008 as Azfinansbank and rebranded in 2009. AFB Bank's authorized capital stands at 70.393 million manats.
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What happened before
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