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Nikoil Bank gets 4% rise in profit

Nikoil Bank gets 4% rise in profit

20 February 2013 09:13 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. Azerbaijan-based Nikoil Bank’s revenues in 2012 made AZN 37.110 mln, up 12.3% from a year earlier.

Bank says the expenditures rose 13.0% to AZN 34.856 mln. Profit made AZN 2.254 mln, up 3.9% or AZN 2.169 mln from 2011.

Note that bank’s interest incomes stood at AZN 33.269 mln, non-interest incomes – at AZN 3.841, interest expenditures – at AZN 5.108 mln an d non-interest expenses – at AZN 19.092 mln, Consequently, bank’s interest profit increased by 11.0%, non-interest loss – by 10.1%.

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