10:00 - 5.11.2019

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November 5, Fineko/abc.az.  In the third quarter of 2019, the Yapi Kredi Bank Azerbaijan CJSC increased its net interest income by 22.7 million AZN compared to Q3 of 2018.

"Yapi Kredi Bank Azerbaijan" CJSC, that has been successfully operating for many years, increased its net profit in Q3 of 2019 by 39% compared to the same period of the previous year and reached 3.8 million AZN.

"Yapi Kredi Bank Azerbaijan" continued its lending activities to support the real sector in the country, as well as to finance the economy following the priorities determined in the Strategic Roadmap, and increased its loan portfolio up to 181.1 million AZN. The structure of the loan portfolio clearly demonstrates that non-oil sector remains to be a priority for the bank.

The Bank's capital figures are fairly favorable. So, in comparison with the same period last year, the Tier 1 capital of the bank increased by 8% at the end of the third quarter of 2019 and reached 66.7 million AZN, and its Total Regulatory capital increased by 7% and reached 72.4 million AZN.

 

Over the same period, the Tier I capital adequacy ratio increased to 31.8%, and the Total Regulatory capital adequacy ratio reached 34.5%. it should be noted that these indicators are several times higher than the minimum requirements in the local legislation.

 

"Yapi Kredi Bank Azerbaijan" is a member of a Banking Group that operates in many European countries. The bank, whose main shareholders are UniCredit (Italy) and Koç Holding (Turkey) provides a wide range of services to clients in branches in Baku and Sumgait introducing international experience in the banking sector in Azerbaijan and offering internet / mobile banking products and a call center working 7/24.