Yelo Bank published a financial report for the third quarter of 2022. The bank completed the quarter, preserving the positive dynamics of the growth of basic financial indicators. Thus, since the beginning of this year, the bank received a net profit of 3.2 million manat. According to the report, at the end of the third quarter, the total assets of the bank exceeded 795 million manat.
In this quarter, the trend of portfolios of corporate and consumer loans continued. Since the beginning of the year, the Yelo Bank loan portfolio has increased by 134 million manat and amounted to 580 million manat. During this period, the volume of business loans that make up an important part of the portfolio reached 362 million manat, which means an increase of 60% compared to the same period last year. It should be noted that the loan portfolio grew mainly due to financing of micro, small and medium enterprises.
During the reporting period, more than 6 thousand customers received consumer loans in the amount of 53 million manat. 33% of this sale was made through online channels. As a result, the volume of the total portfolio of consumer loans over the year increased to 200 million manat.
In the same period, an increase in the deposit portfolio of the bank is observed. Since the beginning of the year, more than 6 thousand customers have entrusted their funds in the amount of more than 215 million manats Yelo Bank. As a result, the bank’s deposit portfolio increased by 36% and exceeded 550 million manat.
At the same time, over the reporting period, the bank’s interest income increased by 35% compared to the same period last year and reached 62 million manat. Currently, the total capital of the bank is 93 million manat. This indicator by 43 million manat exceeds the regulatory requirement and indicates the high stability of the bank’s capital. The coefficient of adequacy of the total capital is 13.93%, and the adequacy coefficient of first -level capital is 8.44%, which exceeds the required norm for both indicators.
The successes of Yelo Bank do not end there. The bank introduced important products and services this year to stimulate cashless operations. As a result, since the beginning of 2022, bank transfer on bank cards has increased to 70%, and the remains in the card accounts have doubled. In continuation of these measures, Yelo Bank plans to introduce several more new innovative services by the end of the year.
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