Yelo Bank published a financial report for the second quarter of 2021. As in the previous quarter, there is a positive dynamics of the main financial indicators of the bank.
So, the bank completed the reporting period with a net profit of 10 million manat. At the same time, total assets increased by 47.5 million manat compared to the end of last year and amounted to 438.6 million manat.
also has a significant increase in the bank’s credit portfolio. The cumulative loan portfolio increased by 18.3% compared to the end of last year and reached 364.8 million manat. During this period, the volume of business loans issued representing the main part of the portfolio amounted to 96.2 million manat, consumer loans of 56.5 million manat. The Bank’s deposit portfolio has also increased by 8% and reached 253.8 million manat during the reporting period.
Clean interest income of the Bank in two quarters amounted to 21.3 million manat. This is 20% more compared to the same period last year. Currently, the cumulative capital of the Bank is 63.86 million manat, which is 10 million manat more than at the beginning of the year, and at 13.86 million manat more regulatory norm.
President of the Board of Yelo Bank Anar Hasanov commented on the financial results of the second quarter: “We are moving forward in accordance with the goals that have been set for 2021. It is pleasant to see the results of our new strategy in a short time. Of course, these results would be impossible without our strong. Commands and confidence of customers. In the period of general restoration of the country’s economy, we focused on financing small businesses. To provide our services to more customers, we opened new branches for the first two quarters and plan to open a few more by the end of the year. In parallel, we develop our digital solutions. Our main goal is to ensure that our customers can receive banking services at any time convenient for them and in the most convenient form. I believe that by the end of the year we will achieve even big results. “