As of April 1, 2019, the assets of Nikoil Bank amounted to at AZN 422.953 million, down 13.4% from the previous year, Report informs.
Bank says the net loans issued to customers were responsible for AZN 205.059 million. Over the past year, the bank's loan portfolio has declined by 6.8%.
In the reporting period, liabilities dropped by 8.9% settling at AZN 353.875 million, deposit portfolio fell by 9.1% to AZN 227.245 million, liabilities to CBA slipped by 32.5% to AZN 27.2 million, total capital slid 30.7% to AZN 69.078 million, authorized capital rose by 42% to AZN 348 million.
Interest incomes grew by 8.8% to AZN 17.986 million, interest expenditures dropped by 14.3% to AZN 3.518 million, non-interest incomes declined by 14.2% to AZN 1.233 million, non-interest expenditures ascended by 24.6% to AZN 6.577 million, allocations for special reserves on compensation of possible losses on assets went down by 31.5% to AZN 6.099 million. Bank ended the first quarter of 2019 on AZN 3.026 million in profit in contrast to AZN 309,000 in loss in the first quarter of 2018.