Nikoil Bank profit for Q3 reached AZN 2.7 million


October 16, Fineko/abc.az. Nikoil Bank has published its financial results for the 3rd quarter of 2019.

As of 30 September 2019 Bank's loss amounted to AZN 1.6 million and profit AZN 2.7 million. 
ABC.AZ informs with reference to NB’s report that this decrease (AZN 4.3 million) is linked with the mandatory creation of additional reserves in the amount of AZN 4.8 million, in accordance with the changes in the Rules "Classification of assets & reserves for potential damage", which came into force on 1 May 2019.

A positive indicator for Q3 is an increase of Bank's customer ranks by 9,920 people (15.9%), the number of individuals with term deposits grew by 538 (16%), the number of debit and credit cards by 6,064 (20.6%), the number of customers with credit accounts by 7,881 (25%).
The number of NB’s personnel increased by 125 employees (15.9%).

Keywords: Nikoil bank