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Yelo Bank JSC (Merkəzi filialı) (Baku)

  • (18 Review)
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  • Yelo Bank OJSC is one of the most innovative commercial banks in Azerbaijan. Operating under the slogan "Brighter Banking," the bank provides a wide range of financial services for both individuals and corporate clients. The bank's strategy is focused on customer satisfaction, digital transformation, and supporting micro, small, and medium enterprises (SMEs).

    History: The bank was founded in 1994 (formerly "Nikoil Bank"). Following a large-scale rebranding at the end of 2019, the bank continued its operations under the name Yelo Bank. This change involved not just a name change, but a complete overhaul of the bank's internal culture, service model, and technological infrastructure.

    Team: Marina Kulishova serves as the Chairperson of the Supervisory Board. The Management Board is led by Chairman Anar Guliyev. The team consists of professionals with international experience, applying principles of agility and transparency in strategic management.

  • Yelo App: A multifunctional mobile application allowing customers to perform all banking transactions 24/7 remotely


    Yelo Card: Debit and credit cards provided with instant issuance, cashback, and other benefits


    Micro and SME Loans: Business financing provided with simplified terms for the development of entrepreneurs


    Yelo Business: A digital banking platform and mobile POS solutions designed for corporate clients


    Online Lending: Digital loan applications for individuals with official income, processed within minutes without visiting a branch

  • Total Assets: Reached 1 billion 515 million AZN by the end of 2025 (18% annual growth)


    Loan Portfolio: Reached 1 billion 89 million AZN (16% annual growth)


    Profitability: The bank achieved a net profit of approximately 31.3 million AZN during 2025


    Deposit Portfolio: The volume of deposits exceeded 1.1 billion AZN


    Human Resources: More than 1150 professionals work at the bank, supported by a network of 21 branches

  • ESG Strategy: Integration of environmental protection and sustainable development principles into banking operations (Sustainability Report 2024 published)


    Green Initiatives: Planting over 1,500 trees as part of a project where a tree is planted for every new deposit account


    Education Support: Training programs for young specialists and "Yelo Lab" projects in collaboration with universities


    Women Entrepreneurship: Creation of special preferential financial tools for women involved in small businesses

  • 16.02.2026: The first "Yelo Investment Panel" event was held for bank employees and partners


    30.01.2026: Hosted the "Customer Tech Conference 2026" organized by Mastercard


    16.01.2026: Financial results for 2025 announced: assets reached a record 1.5 billion AZN


    17.04.2025: Awarded by ABA in "Corporate Social Responsibility" and "Education Supporter" categories

Reviews ( 18)
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Yelo Bank JSC (Central Branch) is a dynamic financial institution based in Azerbaijan, dedicated to providing innovative banking solutions to both individuals and businesses. With a strong commitment to customer satisfaction, Yelo Bank offers a wide range of services, including personal and corporate loans, savings accounts, and digital banking options. The Central Branch is strategically located to serve clients with efficiency and excellence, offering expert financial advice and support tailored to meet the unique needs of each customer. Experience reliable banking with Yelo Bank, where your financial growth is our priority.