AFB Bank grew its total assets to 574.4 million manats and its loan portfolio to 413.4 million manats in January-September 2026, up 79.2% and 78.0% year-on-year respectively.
According to AFB Bank’s report as of September 30, the share of income-generating assets in total assets reached 84.6%, while loans made up 72.0% of assets. The level of non-performing loans (NPL) fell to 3.06%, pointing to an improvement in portfolio quality.
Customer funds rose to 369.9 million manats in the reporting period, more than 2.6 times higher than a year earlier. Of this, 170.0 million manats were held in current accounts and 199.9 million manats in term deposits, with term deposits up roughly 3.8-fold year-on-year.
The bank’s securities portfolio reached 44.4 million manats, more than six times its level a year earlier.
Revenue and profit indicators
Combined interest and non-interest income totalled 30.6 million manats, up 54.9% year-on-year. Interest income accounted for 20.5 million manats of that total, up 59.4%, while non-interest income came to 10.1 million manats, up 46.5%.
Net operating income more than doubled to reach 4.6 million manats. The bank’s net profit stood at 3.6 million manats, up 59.2% from a year earlier.
Amid the expansion of operations, non-interest expenses climbed 48.2% to 26.0 million manats. The bank attributed the rise to transformation projects, the rollout of digital solutions, the launch of new business lines and investment in human capital.
Capital indicators
As of September 30, the bank’s balance-sheet capital stood at 79.1 million manats, up 5.0% year-on-year. The Tier 1 capital adequacy ratio was recorded at 15.9%, and the total capital adequacy ratio at 17.6%.
AFB Bank said that expanding lending, developing digital services and sustaining stable financial results remain among its key priorities for the coming period.
