NIKOIL | Bank sums up the results of the 1st half of 2018, and announces an increase in the charter capital by 34 million AZN.
After the increase of the charter capital, the bank's overall capital amounted to 106 million, which exceeds the minimum requirement for overall capital more than 2 times. With the minimum rate of 10%, the capital adequacy ratio of NIKOIL | Bank was 28.3%. The client's funds at the end of the 1st half of 2018 are 10% higher than for the same date in 2017. Net operating income for the 1st half of 2018 is 30% higher than for the same period of the previous year. According to the results of the 2nd quarter, the bank's quick liquidity ratio was 114%.
In the 1st half of 2018, the credit portfolio increased by 7%. In connection with the bank's activity in financial crediting, another growth in the credit portfolio is expected in the near future. NIKOIL | Bank offers convenient and beneficial credit terms for individuals and small and medium-sized businesses.