Finance

Finance

Bank Nikoil gets 29% in assets

29 January 2014 11:31 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1, 2014, Azerbaijan-based Bank Nikoil’s assets stood at AZN 270.481 mln, up 29.4% compared to a year earlier.

Bank says loan portfolio rose 20.8% to AZN 223.779 mln, as well as consumer lending made AZN 143.799 mln, up 16.7% from January 1, 2013. At the same time, overdue credits with the share of 17.0% (down 5.2 percentage points) in total loan portfolio dropped 7.8% to AZN 37.950 mln.

Deposit portfolio soared 31.2% to AZN 150.597 mln, as well as personal savings were equal to AZN 130.338 mln, up 30.6% from previous year.

Total capital grew 81.6% to AZN 56.348 mln, including authorized capital surged 53.3% to AZN 34.500 mln.

Number of clients soared 18.9% to AZN 182,539, including individuals increased by 19.3% to 178,977, legal entities by 2.9% to 3,562. Number of plastic cards stood at 10,288, down 2.1 times in annual comparison. Debit cards dropped 2.3 times to 9,145, credit cards rose 2.1 times to 1,143.

For the present, the bank operates 17 branches, 29 ATMs and 309 POS-terminals across the country.