Nikoil Bank will open a branch in Nizami District, Baku on June 8.
The bank told APA-Economics that another branch will open in Surakhani District.
At present the bank has 10 branches.
Nikoil Bank is owned by Russia’s Uralsib Financial Corporation (61%), Uralsib Invest (19%) and Azerbaijan’s ISR Holding (20%).
As at April 1, the assets stood at AZN 75.889 million, loan portfolio AZN 55.749 million, deposit portfolio AZN 42.275 million, aggregate capital AZN 10.987 million and authorized capital AZN 8.956. /APA-Economics/
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