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Nikoil Bank sees deposit portfolio drop by 25%

04 September 2009 15:06 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, Azerbaijan-based Nikoil Bank posted its assets at AZN 279.795 million, up 64.6% from a year ago.

The bank said deposit portfolio dropped by 24.7% to AZN 56.339 million while loan portfolio rose by 26.5% to AZN 153.050 million and consumer loans reached 77.593 million.

Total equity capital increased by 12.6% to AZN 31.415 million and authorized capital remained at AZN 22.5 million.

As against a year ago, revenue for January-June rose by 77.4% to AZN 22.586 million and expenditure grew by 83.3% to AZN 20.171 million. Profit jumped by 18.2% year-on-year to AZN 2.416 million.

The bank established 1 branch and 6 ATMs. The number of employees increased by 6.2% to 257.

Nikoil Bank, owned by Russiaâ€™s Uralsib (61%), Uralsib Invest (19%) and ISR Holding (20%), has been in operation since 1997.

The bank operates 11 branches, 20 ATMs and 25 POS terminals.

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Nikoil Bank sees deposit portfolio drop by 25%

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