Bank Of Baku

Bank Nikoil extends deposit portfolio by 48% year-on-year

Bank Nikoil extends deposit portfolio by 48% year-on-year
# 03 November 2011 07:43 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2011, Bank Nikoil’s assets made AZN 189.401 mln, up 1.7% from a year ago.

During the reporting period, loan portfolio rose 7.5% to AZN 158.715 mln, loan given up to 12 months made AZN 76.571 mln, the loans given for a period exceeding 12 months – AZN 42.115 mln, consumer loans increased by 17% to AZN 92.958 mln.

Deposit portfolio increased by 48% to AZN 96.648 mln, term deposits made AZN 83.243 mln, demand deposits – AZN 13.405 mln, population deposits rose 55% to AZN 85.054 mln.

Total capital increased by 8.3% to AZN 31.396 mln, authorized made AZN 22.5 mln.

Remind that, Bank Nikoil has been in operation since 1997. As of October 1, the bank operates 13 branches, 24 ATMs, 60 POS-terminals and 44 employees across the country.
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