Baku, Azerbaijan, Dec. 16
By Anvar Mammadov – Trend:
Azerbaijan’s NIKOIL Bank plans to increase the authorized capital, the bank said in a message Dec. 16.
This issue will be discussed during an extraordinary meeting of the bank’s shareholders that will be held on January 16, 2018 in Baku, according to the message.
It is also planned to discuss other issues of the agenda within the meeting.
At present, the bank’s authorized capital totals 220 million manats.
NIKOIL Bank has been operating in Azerbaijan since 1994.
As of the end of first half of 2017, assets of NIKOIL Bank amounted to 413.21 million manats, loan portfolio totaled 287.1 million manats, and deposit portfolio – 234.47 million manats.
(1.7001 manats = 1 USD on Dec. 16)