Yapı Kredi Bank Azerbaijan CJSC Expands Its Business Loan Portfolio in Q3 2021

In the third quarter of 2021, "Yapı Kredi Bank Azerbaijan" CJSC increased its total loan portfolio by 13%, its business loan portfolio by 17%, and its real estate loan portfolio by 19%. The corporate loan portfolio grew compared to the same period last year, reaching AZN 113 million by end of September 2021, with the non-oil sector dominating the portfolio’s economic sector structure. Notably, during the quarter, the Bank supported companies engaged in reconstruction and restoration work in the liberated territories through its business loan facilities.

In the first nine months of 2021, "Yapı Kredi Bank Azerbaijan" CJSC’s total operating income exceeded expenses, resulting in an operating profit of AZN 4.8 million.

The Bank’s total assets grew to AZN 356 million during the first nine months of 2021. In the first quarter of the year, the Tier 1 capital adequacy ratio reached 36%, and the total capital adequacy ratio stood at 37%. As a result, the Bank’s capital adequacy ratios were significantly above the regulatory standards set by the supervisory authority. For reference, the Central Bank mandates a minimum total capital adequacy ratio of 10%.

As of the end of Q3 2021, the Bank’s total capital amounted to AZN 74 million, exceeding the statutory minimum capital requirement of AZN 50 million.

In line with its strategy to strengthen financial stability, the Bank continued to allocate sufficient provisions for potential losses, with the total amount of provisions reaching AZN 41 million by the end of the third quarter.

Yapı Kredi Bank Azerbaijan is a member of a banking group operating in many European countries. With its main shareholder being Koç Holding (Türkiye), the Bank continues to provide a wide range of services to customers through its branches in Baku and Sumgayit, a 24/7 Call Center (*0444), and Internet/Mobile Banking products.