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Yelo Bank Asc (Azerbaijan)

Main Activities: Commercial Banking
Full name: Yelo Bank Asc Profile Updated: June 19, 2025
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English & Russian Download a sample report

The Bank was incorporated and is domiciled in the Republic of Azerbaijan. The Bank is an open joint stock company and was set up in accordance with regulations of the Republic of Azerbaijan. The Bank's principal business activities are commercial and retail banking operations within the Republic of Azerbaijan.
Originally, “Ulpar” JSCB was founded in 1994 in the Republic of Azerbaijan and held general banking license No 203 issued in 1994. During 2002, “Nikoil” Closed Joint Stock Company and “Lukoil Azerbaijan” Closed Joint Stock Company acquired the controlling interest in the Bank and the Bank was renamed to “Nikoil” OJSC Investment Commercial Bank.
In November 2019 , the bank name was changed into Yelo Bank OJSC.
The Bank is listed on Baku stock exchange on 10 May 2017.

Headquarters
Zardabi 81K
Baku; Absheron; Postal Code: AZ1000

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Website: http://yelo.az

Basic Information
Total Employees:
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Financial Auditors:
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Incorporation Date:
December 06, 1994
Key Executives
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Chief Executive Officer
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Chief Financial Officer
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Chairman of the Supervisory Board
Ownership Details
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98.94%
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0.96%
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0.1%
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