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Bank Nikoil gets 4% rise in assets year-on-year

27 August 2011 10:59 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of July 1, 2011, Bank Nikoilâ€™s assets stood at AZN 188.539 mln, up 3.6% from year earlier.

Bank says the loan portfolio rose 7.1% to ANZ 152.885 mln, as well loans for until 12 months made AZN 57.531 mln, loans for over 12 months stood at AZN 61.184 mln, consumer lending soared 33.8% to AZN 86.433 mln.

Deposit portfolio surged 48% to AZN 83.710 mln, as well term deposits was AZN 69.102 mln, demand deposits â€“ AZN 14.608 mln, populationâ€™s deposit gained 48% to settle at AZN 71.487 mln.

Total capital advanced 8.3% to AZN 29.800 mln, including authorized capital remained unchanged at AZN 22.5 mln.

Income increased by 5.5% to AZN 15.209 mln, expenditure decreased by 9% to AZN14.965 mln. Consequently, bankâ€™s profit made AZN 244 mln.

Remind that, owned by Bank Russiaâ€™s Uralsib Financial Corporation, Azerbaijanâ€™s ISR Holding and Russian Uralsib Invest Company, Nikoil IKB has been in operation since 1997. The bank operates 13 branches, 24 ATMs and 60 POS-terminals across the country.