Yapı Kredi Bank Azerbaijan CJSC Ends Second Quarter with a Net Profit of 3.6 Million AZN.

In Q2, Yapı Kredi Bank Azerbaijan achieved 3.6 million AZN net profit, marking a 164.7% increase compared to the same quarter last year. Compared to the same period last year, interest income for January–June of the current year increased by 41.3% to AZN 17.1 million, while non-interest income rose by 11.3% to AZN 9.3 million. Overall, net interest income increased by 42.6% compared to the same period last year, reaching AZN 15.9 million.

As of the end of the second quarter of the current year, the loan portfolio provided to customers at "Yapı Kredi Bank Azerbaijan" CJSC increased by 6% compared to the end of last year, amounting to AZN 251 million. Specifically, consumer loans grew by 15.1% to AZN 52 million, real estate loans rose by 25.3% to AZN 28 million. Business loans amounted to AZN 171 million in the second quarter of the current year. 

In the second quarter of the current year, "Yapı Kredi Bank Azerbaijan" fulfilled the prudential norms established by the Central Bank of Azerbaijan at the required level. As of the end of the relevant period, the bank's Tier 1 capital adequacy ratio was 23.37%, and the total capital adequacy ratio was 25.73%. The bank's total capital after deductions amounted to AZN 79.5 million. It should be noted that, according to applicable laws, the minimum total capital requirement is AZN 50 million.

With its main shareholder being Yapı Kredi A.Ş. of Türkiye, "Yapı Kredi Bank Azerbaijan" CJSC serves customers through branches in Baku and Sumgayit, its 24/7 Call Center (*0444), and Internet/Mobile Banking services, offering a wide range of financial products.