Yelo Bank

Yelo Bank is a commercial bank in Azerbaijan, headquartered in Baku, that has been serving customers since 1994. Originally founded as “Ülpər Bank,” it was rebranded as “Nikoil Bank” in 2002 and later adopted its current name, Yelo Bank, in 2019. The name “Yelo” is derived from the English word Yellow, symbolizing brightness, diversity, and comfort, and the bank operates under the motto “Bright Banking.” Today, Yelo Bank is recognized for its modern approach to retail and business banking, offering a wide range of financial services including consumer and business loans, deposits, money transfers, and payment cards.

With more than 900 employees and a growing branch network, Yelo Bank emphasizes transparency, flexibility, and customer‑centric solutions. It provides digital banking through the Yelo App and internet banking platforms, enabling clients to manage accounts, apply for loans, and make payments seamlessly. The bank positions itself as a partner for both individuals and entrepreneurs, aiming to refresh the banking experience in Azerbaijan by introducing innovative services and supporting financial inclusion. Its ongoing focus on technology and customer comfort makes Yelo Bank one of the notable players in the country’s banking sector.