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Bank Nikoil gets rise in consumer lending

17 August 2012 12:47 (UTC +04:00)

Baku. Elnur Husyenguluyev â€“ APA-Economics. As of July 1, 2012, Azerbaijan-based Bank Nikoilâ€™s assets stood at AZN 196.224 mln, up 4.1% from previous year.

Bank says loan portfolio rose 8.7% to AZN 166.262 mln, including short-term loans made AZN 74.059 mln, long-term loans â€“ AZN 92.203 mln and consumer lending soared 19% to AZN 102.460 mln.

Deposit portfolio surged 46% to AZN 122.176 mln, as well term deposits advanced 55% to AZN 106.915 mln, demand deposits grew 5% to AZN 15.261 mln, and populationâ€™s deposits climbed 71% to AZN 15.261 mln.

Total capital rose 5.2% to AZN 31.327 mln, as well authorized capital remained unchanged at AZN 22.5 mln.

Incomes dropped 41% to AZN 9.035 mln, expenditures slipped 51% to AZN 7.310 mln. Profit quadrupled to AZN 1.023 mln.

Remind that, Nikoil IKB has been in operation since 1997. The bank operates 15 branches, 22 ATMs and 233 POS-terminals across the country.