10:58, 12 October 2009 Page views 334 views

NIKOIL Bank restructures its credit portfolio

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According to Vasily Khamaza, chairman of the Board of NIKOIL Bank (Baku, Azerbaijan), the bank makes its credit portfolio diversified, and within 2010 it intends to increase 3 times the micro-crediting share.

As he said, the bank reduces its credit portfolio because of decrease in growth rates of the economy, and now it is more conservative in lending.

As Vasily Khamaza noted, the bank‘s management has set a purpose to change its credit portfolio’s structure in favour of small and micro credits.


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