Anar Hasanov, who became the Chairman of the Board of Yelo Bank in January 2021, took the helm of the Bank with a loss of 325 million 120 thousand manat.
THE DAMAGE HAS INCREASED
According to the financial statements of Marja Bank, Yelo Bank ended 2020 with a net loss of 39.748 million manat. For comparison, the Bank closed 2019 with a net profit of 68.7 thousand manat.
Yelo Bank closed the first 9 months of 2020 with a net loss of 23 million 192 thousand manat. In the 4th quarter of 2020, the Bank's net loss amounted to 16.556 million manat.
