Bank Of Baku

Bank Nikoil increases deposit portfolio by 67% last year

Bank Nikoil increases deposit portfolio by 67% last year
# 31 January 2012 09:57 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Bank Nikoil’s assets made AZN 179.697 mln, up 0.8% compared to last year.

During the reporting period, loan portfolio rose 0.5% to AZN 150.666 mln, short-term loans increased by 3.7 times to AZN 43.120 mln, long-term loans – AZN 68.600 mln, consumer loans grew by 22% to AZN 101.605 mln.

Deposit portfolio rose 67% to AZN 109.163 mln, term deposits increased by 43 times to AZN 92.262 mln, demand deposits grew by 56% to AZN 16.900 mln, population’s deposits soared 71% to AZN 90.158 mln.

Total capital dropped 3.9% to AZN 31.596 mln, authorized capital remained unchanged at AZN 22.5 mln.

Remind that, Nikoil bank has been in operation since 1997. It operates 14 branches, 21 ATMs, 60 POS-terminals and 452 employees across the country.
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