Yelo Bank published a financial report for the third quarter of 2021. The main financial indicators of the bank in this quarter demonstrated growth in the same way as in the previous one. Thus, since the beginning of the year, the bank’s net profit reached 11.4 million manat. At the same time, the Bank’s assets increased by 105 million manat, reaching 495.7 million manat.
The total loan portfolio for the year increased by about 100 million manat and reached 408.1 million manat. The bank continued to expand business lending, remaining faithful to his mission. Thus, during this period, about 180 million manat business loans were issued. Currently, 56% of the loan portfolio falls on the real sector.
It should be noted that the growth of the loan portfolio occurred not at the expense of large corporate clients, but mainly due to lending to micro, small and medium enterprises.
In this case, for the reporting period, more than 13 thousand customers were issued consumer loans by 96 million manat. As a result, the consumer loan portfolio increased by 32% – to 111.2 million manat.
Since the beginning of the year more than six thousand customers, Yelo Bank has more than 180 million manat. Thus, the bank’s deposit portfolio, an increase of 32%, reached 309.5 million manat. Among the attracted contributions there is a noticeable growth in the number of new customers. This is once again confirmed by the ability of the bank, supporting its current customers, to attract the conditions and quality of their maintenance a new customer base.
Clean interest income of the bank for the reporting period amounted to 32.9 million manat. Currently, the cumulative capital of the bank is 64.3 million manat, thereby exceeding the regulatory norm by 14.3 million manat.
Commenting the results of the last quarter, the chairman of the Board of Yelo Bank Anar Gasanov noted: “Every month, every quarter we are becoming more confident in the correctness of our new strategy. However, these results are not just a strategy, but the success of a large team of 900 people. satisfaction Customers serves as an incentive to every member of this team every day to provide better services. In order to significantly improve the quality of service and attract more customers, we not only expand the branch network, but also develop our digital products. Very soon, Yelo Bank will be even closer. ” .
Note that since the beginning of this year, Yelo Bank has opened new branches on May 28, Halgher, Halghre, Sadarak, Mardakian, January 20, and last week the opening of the building of the new head office took place.
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Yelo Bank – Bright banking