Yapi Kredi Bank Azerbaijan has announced the results of the first quarter of 2018. As for the previous years, the bank has completed this quarter with profit. Whereas amount of the profit the bank has gained during the first quarter is 660 thousand AZN, its total capital has reached 64,5 million AZN. If to compare, amount of the total capital is 42% more than the last year and 60 million of the total capital falls to the first-level capital. Progress is observed in adequacy coefficient of the capital, as well. When compared to the first quarter of 2017, adequacy coefficient for the first quarter of 2018 has reached 53% by increasing 24.5%.

Number of people trusting in the bank is increasing day by day!

An increase is observed in the deposit portfolio of Yapi Kredi Bank Azerbaijan. Mr. Cenk Yuksel, the chairman of the board comments it as below: “Number of people trusting Yapi Kredi Bank Azerbaijan is increasing day by day. When compared to the first three months of the last year, our deposit portfolio for the first three months of this year has increased 4,9%, moreover demand deposits of individuals has increased 19,6% and demand deposits of legal persons has increased 4,2%. Such increase makes us proud at the same time making us responsible. It is not by chance that, our bank has won “The best trust bank Azerbaijan 2018” award by reputable Global Banking and Finance Review organization of United Kingdon, thanks to the trust of our customers. I would like to take this opportunity and express my gratitude to all our customers.”

At the same time, there has been observed an increase in liquid assets in the bank’s reports. The bank’s liquid assets have increased 2,9% when compared to the first quarter of the last year. This indicates that, the bank becomes more powerful and sustainable day by day. Another interesting point is absence of any debt of the bank. In other words, Yapi Kredi Bank Azerbaijan paid off the credit of 20 million AZN it obtained from the Central Bank and the credit of 34 million AZN it obtained from other local and international financial organizations last year.

It should be mentioned that, Yapi Kredi Bank Azerbaijan is a member of banking group operating in 17 countries of the world. The Bank, principal stockholder of which is UniCredit (Italy) and Koch Holding (Turkey), is serving with international experience in banking sectors of Azerbaijan through its branches located in Baku and Sumgait, 24/7 Call Center and Internet/Mobile Banking services.