Nikoil Bank ends nine months on profit

Economic Department
Author

Nikoil Bank OJSC ended January-September of 2019 on AZN 12.268 million in operating profit, Report informs.

Bank says the revenues made up AZN 48.039 million, expenditures – AZN 35.771 million.

As of October 1, 2019, assets stood at AZN 446.986 million,  with loans issued to customers making AZN 245.532 million.

Liabilities amounted to AZN 381.959 million, deposit portfolio to AZN 280.725 million, authorized capital to AZN 348 million.

Nikoil Bank was established in 2002 on the basis of Ulper commercial bank, which had been in operation since 1994. 

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