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Yelo Bank Asc (Azerbaijan)

Main Activities: Commercial Banking
Full name: Yelo Bank Asc Profile Updated: July 05, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Russian Download a sample report

The Bank was incorporated and is domiciled in the Republic of Azerbaijan. The Bank is an open joint stock company and was set up in accordance with regulations of the Republic of Azerbaijan. The Bank's principal business activities are commercial and retail banking operations within the Republic of Azerbaijan.
Originally, “Ulpar” JSCB was founded in 1994 in the Republic of Azerbaijan and held general banking license No 203 issued in 1994. During 2002, “Nikoil” Closed Joint Stock Company and “Lukoil Azerbaijan” Closed Joint Stock Company acquired the controlling interest in the Bank and the Bank was renamed to “Nikoil” OJSC Investment Commercial Bank.
In November 2019 , the bank name was changed into Yelo Bank OJSC.
The Bank is listed on Baku stock exchange on 10 May 2017.

Headquarters
Zardabi 81K
Baku; Absheron; Postal Code: AZ1000

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Website: http://yelo.az

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
1994
Key Executives
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Chairman
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Vice Chairman
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Vice Chairman
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Vice Chairman
Ownership Details
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95.68%
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4.22%
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0.1%
Company Performance
Financial values in the chart are available after Yelo Bank Asc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency AZN. Absolute financial data is included in the purchased report.
Net interest income
40.63%
Operating profit (EBIT)
149.24%
Net Profit (Loss) for the Period
149.24%
Total assets
93.19%
Total equity
19.66%
Total Assets Trend
44.7%
Net Interest Income Trend
-20.08%
Loans to Deposits Ratio
-58.05%
Loans to Asset Ratio
-34.81%

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