Nikoil raises assets 93%

The bank told APA-Economics that loan portfolio doubled to AZN 55.749 million, deposit portfolio doubled to AZN 42.275 million, aggregate capital jumped to AZN 10.987 million and authorized capital reached AZN 8.956.

For the first quarter, Nikoil's revenue reached AZN 2.990 million and expenditure AZN 2.191 million (profit AZN 799,000).

Nikoil Bank is owned by Russia's Uralsib Financial Corporation (61%), Uralsib Invest (19%) and Azerbaijan's ISR Holding (20%).