TBC Subsidiary YELO BANK Closes Pandemic Year in Azerbaijan with Solid Positions
TBC subsidiary Yelo Bank maintains a strong position in the Azerbaijani market.
Yelo Bank successfully completed the last quarter of the pandemic year with a loan portfolio of $ 181.5 million (308.3 million manat) (+ $ 2.35 million compared to the same period in 2019).
According to Trend.az, the business loan portfolio shows 18% annual growth.
The total assets of the bank are up to $ 230.12 million.
The capital adequacy ratio is 16.04%. This indicates a high stability of the bank's capital, as it is about 2-3 times higher than the established norms.
The bank increased its share capital by 5.6% to 378 million manat ($ 222.5 million) in the fourth quarter of 2020 compared to the previous quarter, and managed a high level of liquidity throughout the pandemic year.
The pandemic year bank was able to maintain liquidity throughout the year.