Yelo Bank`s total capital has grown and exceeded AZN 68 million


January 28, Fineko/abc.az. 2019 became successful year for Yelo Bank (formerly ICB NIKoil), which is in the process of rebranding.

ABC.AZ reports that at the end of 2019 Yelo Bank's assets increased by 16.23% up to AZN 484.727 million. Its loan portfolio reached AZN 304.348 million with a rise of 7.6%. Growth of loan giving for 2019 made up 80.3%.

"Customer confidence in the Bank continues growing. The proof of that is that Bank’s deposit portfolio increased by 37.4% up to AZN 314.246 million. Retail deposits in the deposit portfolio exceed AZN 275 million.

Yelo Bank finished 2019 with net profit of AZN 68,700. Bank's total capital grew by 1.6% up to AZN 68.9 million."