15:40 - 15.07.2019

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July 15, Fineko/abc.az. As of 1 July 2019 the total assets of Nikoil Bank amounted to AZN 429.028 million.

With reference to Bank’s financial statements, it is reported that the indicator is 3.9% less than on 1 July 2018.

The net loans account for AZN 220.99 million of Bank’s assets. Over the past year Bank's loan portfolio increased by 6.3%.

During the reporting period the total amount of NB’s liabilities decreased by 8.3% to AZN 359.9 million, including the deposit portfolio decline by 0.1% to AZN 111.783 million, while the total capital grew by 28.1% up to AZN 69.107 million, and authorized capital grew by 42% up to AZN 348 million.

For Jan-Jun 2019 NB’s revenues amounted to AZN 34.079 million (5.7% less versus the 2018 same term), expenditures AZN 22.197 million (19.5% more), and contributions to special reserves AZN 9.135 million (85.6% less).

As a result, the Bank completed the 1st half of the year with profit of AZN 2.746 million. However, for the same term of 2019 the financial institution suffered losses in the amount of AZN 45.86 million.

Nikoil Bank was established in 2002 on the basis of commercial bank Ulper, which operated since 1994.  95.68% of its shares belong to Topaz Investment CJSC, 4.22% to Marina Kulishova (director of Topaz Investment), and 0.1% to ISR Holding LLC.