11:56 - 17.12.2025

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December 17, Fineko/abc.az. Yelobank is experiencing a decline oin many indicators. Thus, bank's non-interest income (commission, FX, etc.) decreased by 12.355 million manats.

According to ABC.AZ’s study, from January to September 2024, bank's non-interest income amounted to 24.319 million manats, and for Jan-Sept 2025 - 11.964 million manats. This means a significant decline and on interests - 50.8%.

During this period, decrease in Yelobank was recorded not only on non-interest income, but also in total operating income. So, if for first 9 months of last year the total operating income of the bank amounted to 95.79 million manats, then for the same period of this year it reached 92.572 million manats with a drop of 2.6%. Bank's net operating profit also lowered during this period. Bank's net profit for Jan-Sept 2024 was 30.527 million manats against 27.815 million manats for Jan-Sept 2025 (a drop of 8.9%).

The target reserves (provisions) for these periods amounted to 4.536 million and 610,000 manats, respectively, which generally means a decrease. As for income tax, for Jan-Sept 2024 it reached 35.063 million manats, and for Jan-Sept 2025 - 28.425 million manats (a drop of 19.0%).

Net profit for the first 9 months of last year amounted to 35.063 million manats against 24.825 million manats for Jan-Sept 2025 with decline of 29.2%.

By Elmir Murad