BAKU, Azerbaijan, April 29
By Eldar Janashvili - Trend:
There are some plans to turn Azerbaijan’s Yelo Bank into a leading financial corporation in the market, Chairman of the bank's board Nikoloz Shurgaia told reporters at a briefing in Baku, Trend reports on April 29.
“It will be possible to achieve this goal after the bank finally gains steady profit,” the chairman said. “Despite the recent first profitable end of the year, which interrupted the bank’s three-year loss, the plans were postponed for the next year due to the COVID-19 pandemic.”
“The three-year plan includes investments in IT-sphere and software devices, expansion of the network of ATMs and the bank’s branches, an increase in the number of POS-terminals and in general, special attention to the business loans, which in many spheres, such as the agricultural sector, have a high potential of development,” the chairman said.
“Our main goal in this regard is to become not only a good, but also an advanced corporation in the market of the country and the region,” Shurgaia added. “Among the recent steps in this sphere are to increase the bank’s staff by more than two times, up to 900 people, modernize the branches, conduct rebranding and many other innovative decisions."
----
Follow the author on Twitter: @eldarjanashvili