Bank Of Baku

Nikoil Bank sees 15 decline in assets

Nikoil Bank sees 15 decline in assets
# 29 October 2010 10:46 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Nikoil Bank’s assets stood at AZN 186.250 mln, down 15% compared with a year ago.

Bank says the deposit portfolio extended 17.5% to AZN 65.145 mln, population’s deposit made AZN 54.860 mln. Loan portfolio rose 3.3% to AZN 147.582 mln, consumer lending soared 16% to AZN 79.384 mln. Total capital increased by 5.5% to AZN 30.595 mln, authorized capital stood steady at AZN 22.500 mln.

Income dropped 28% to AZN 22.208 mln, expenditure declined 30% to AZN 21.220 mln. Profit surged 29% to AZN 988 000.

Nikoil Bank has been in existence since 1997. The bank operates 13 branches, 24 ATMs and 60 POS-terminals across the country.
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