
Yapi Kredi Bank Azerbaijan has a strong corporate credit system in place, with a focus on providing financial solutions to businesses. This includes a wide range of credit products tailored to meet the specific needs of corporate clients.
The bank's corporate credit portfolio has been steadily growing over the years, driven by its commitment to supporting local businesses and entrepreneurs. As a result, Yapi Kredi Bank Azerbaijan has become a leading provider of corporate finance in the country.
With its experienced team of credit specialists and robust risk management systems, the bank is well-equipped to assess and manage credit risk. This enables it to offer competitive credit terms to its corporate clients.
The bank's financial performance is also noteworthy, with a strong track record of profitability and growth. This is reflected in its steady increase in assets and equity over the years.
For more insights, see: International Bank of Azerbaijan
Yapi Kredi Bank Azerbaijan Overview
Yapi Kredi Bank Azerbaijan is a bank based in Azerbaijan, with its head office situated in Baku.
Suggestion: Banking in Azerbaijan
The bank was founded on January 11, 2000, as Koçbank Azərbaycan LTD. It has undergone a name change to Yapi Kredi Bank Azerbaijan CJSC since the beginning of 2007.
Yapi Kredi Bank Azerbaijan is a QSC (Joint Stock Company) and operates in the financial services industry. Its parent company is Yapı Kredi.
The bank's key people include Cenk Yüksel as the CEO.
Yapi Kredi Bank Azerbaijan offers banking services and has a website at yapikredi.com.az.
For more insights, see: Banks and Banking Services
Financial Performance
Yapi Kredi Bank Azerbaijan has reported a significant increase in its net profit, reaching 12.8 million AZN in 2020, up from 8.7 million AZN in 2019.
The bank's total assets have grown substantially, reaching 3.4 billion AZN in 2020, a 25% increase from the previous year.
Yapi Kredi Bank Azerbaijan's loan portfolio has also expanded, with a 20% growth in 2020, reaching 2.5 billion AZN.
The bank's capital adequacy ratio has remained strong, above the regulatory requirement of 10%, at 11.5% in 2020.
Yapi Kredi Bank Azerbaijan has achieved a high return on equity (ROE) of 17.6% in 2020, indicating its ability to generate profits from shareholders' capital.
The bank's operating efficiency has improved, with a cost-to-income ratio of 52.1% in 2020, down from 55.6% in 2019.
Frequently Asked Questions
Who owns Yapi Kredi?
Yapı Kredi is primarily owned by Koç Holding A.Ş. (20.22% of shares) and Koç Financial Services (40.95% of shares), both affiliated with the Koç Group.
What is the largest bank in Azerbaijan?
The largest bank in Azerbaijan is ABB, also known as Azərbaycan Beynəlxalq Bankı. It's an open joint-stock company owned by the Azerbaijani state.
Sources
- https://en.wikipedia.org/wiki/Yapi_Kredi_Bank_Azerbaijan
- https://navigator.az/en/firm/7175
- https://abc.az/en/news/136999/yapi-kredi-bank-azerbaijan-cjsc-celebrates-its-24th-anniversary
- https://en.trend.az/business/finance/3477975.html
- https://abc.az/public/en/news/137543/total-loan-portfolio-of-yapi-kredi-bank-azerbaijan-grew-by-23
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