Yelo Bank has been officially removed from the European Union
sanctions list. The European Commission’s review procedure
regarding the Bank was successfully completed within a short
timeframe. As a national bank with 100% local capital, Yelo Bank
has always conducted its operations in full compliance with country
legislation and international standards, and it remains committed
to continuously improving its operational processes in line with
international requirements.
Yelo Bank also extends its sincere gratitude to all its
customers and partners for the trust and loyalty shown during this
period. The confidence and support of our customers served as the
greatest source of motivation for the successful conclusion of this
process. Notably, during this timeframe, the Bank not only
maintained the loyalty of its existing client base but also
recorded a significant increase in the number of customers. Yelo
Bank continuously and seamlessly fulfilled all its obligations on
time, maintaining a strong liquidity and capital position.
Currently, active work is underway toward the full restoration
of certain temporarily restricted banking services. Customers will
be promptly informed of all updates through the Bank's official
communication channels.
Staying true to its "brighter banking" philosophy, Yelo Bank
will continue to provide innovative and fast services to its
customers, further expand its international cooperation, and
contribute to the sustainable development of Azerbaijan's financial
ecosystem.
