Bank Of Baku

Bank Nikoil sees 15% rise in deposit portfolio

Bank Nikoil sees 15% rise in deposit portfolio
# 25 May 2011 08:48 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of May 1, 2011, Azerbaijan-based Bank Nikoil’s deposit portfolio stood at AZN 64.648 mln, up 14.7% compared to early 2011. Bank’s Baku office says the population’s deposits made AZN 60.335 mln, up 14.8% from the beginning of 2011.

Demand deposit rose 13.7% to AZN 4.312 mln.

Bank has applied several new services during past months. Bank plans to present “Charity” term deposit type that 0.1% of funds accounted on that deposit will be transferred to “Origami” Children’s Rehabilitation Centre on the behalf of client.
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