Nikoil Bank ends nine months on loss of AZN 80M

Baku. 10 October. REPORT.AZ/ As of October 1, 2018 Nikoil Bank’s assets stood at AZN 407,150,000, down 0.86% from the previous year, Report informs.

Bank says the loan portfolio dropped by 10.7% to AZN 184,558,000, liabilities fell by 8.6% to AZN 337,864,000, with deposit portfolio slid by 6.7% to AZN 213,662,000. Bank’s liabilities to the Central Bank of Azerbaijan made up AZN 32,300,000, down 19.9% from the previous year. As of October 1, 2018 the authorized capital made up AZN 296 million, while total capital amounted to AZN 69,286,000.

The Bank ended the nine months of 2018 on loss of AZN 79,901,000. In January-September 2018, the interest incomes amounted to AZN 50,525,000, interest expenditures to AZN 11,994,000, non-interest incomes to AZN 5,375,000 and non-interest expenditures to AZN 15,659,000.

In the same period of 2017, bank’s net loss made up AZN 140,000.