Having obtained license No.253 by the Central Bank of Azerbaijan Republic on November 28, 2008, AFB Bank started to function from February, 2009. According to Article 19 of the law "On Banks", AFB Bank has been established as Open Joint Stock Company. As one of the subjects of bank market of Azerbaijan, "AFB" Bank Open Joint Stock Company always prefers efficient and discreet, less risky and well-balanced action targeted on dynamic development, as well as supports the country economy and monetary policy of our government. The Bank`s activities are not limited to the time period. The Bank engages in all activity types not prohibited in the banking license received from the Central Bank of Azerbaijan Republic.