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Yelo Bank made a profit of more than 4 million in the first quarter

Yelo Bank has released its financial indicators for the first quarter of 2023. Considering indicators, they reflect a prosperous start to the year. According to the data, the bank's net profit exceeded 4 million manats. Simultaneously, its assets rose compared to the same period last year, reaching 830 million manats.

The bank has consistently maintained positive growth tendency in its loan portfolio. Specifically, compared to the same period in 2022, the loan portfolio increased by 168 million, or by 36%, reaching 640 million manats. Aligning with the bank's mission, a significant portion of the loan portfolio supports the financing of the real sector. During the quarter, nearly 5,000 business loans were granted to customers, leading to a portfolio growth of 27 million manats, totaling 424 million manats in this direction.

Growth is also evident in the consumer credit portfolio. During the first quarter, more than 5,000 customers were provided with consumer loans totaling over 50 million manats. As a result, the credit portfolio in this segment exceeded 217 million manats. This represents an increase of 34 million manats or 19% compared to the same period last year. It's worth noting that 33% of this growth came from online channels.

Yelo Bank's deposit portfolio also showcased significant growth. Compared to the same period last year, the portfolio in this segment grew by 125 million manats, meaning by 28%, amounting to 577 million manats. The increase, primarily attributed to physical individual deposits, underscores the public's growing trust in the bank.

Interest income for the reporting period exceeded 25 million manats, which is 7 million more than in 2022. Non-interest income also increased, reaching 2.3 million manats for the first quarter. The bank's total capital stands at 92 million manats, which is 42 million manats more than the regulatory requirement. The total capital adequacy ratio is 12.36%, and the primary capital adequacy ratio is 8.09%, both surpassing the required standards.

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