On November 28, 2008, No. 253 licensed by the Central Bank of Azerbaijan, AFB Bank began its operations in February 2009. According to Article 19 of the Banking Act, the Open Joint-Stock Company was founded as Bank of AFB. Banking market as one of the subjects of "AFB Bank" Open Joint Stock Company in addition to supporting the country's economy and the government's monetary policy is constantly targeted dynamic development of efficient and discreet, less risky, and is being sized. The Bank's activities are not limited to the time period. The Bank's banking license from the Central Bank of the Republic of Azerbaijan is engaged in activities not prohibited.