Nikoil Investment Commercial Bank OJSC was established according to the legislation of Azerbaijan Republic and has been operated in accordance with special permission (license) No 203 dated February 25, 1994, recorded into the central license register by Central Bank of the Republic of Azerbaijan. At that date Bank was the legal successor Ulpar Commercial Bank of the Republic of Azerbaijan.
On April 29, 2002 Bank was renamed and registered by the Ministry of Justice of Azerbaijan as Nikoil Limited Liability Company Investment Commercial Bank. Then on June 20, 2005 Nikoil LLC Investment Commercial Bank renamed and officially registered in the Ministry of Justice of Azerbaijan as Nikoil Open Joint Stock Company Investment Commercial Bank.
NIKOIL OJSC ICB provides banking services, financial services, services in the investment sphere in the country and abroad according to the legislation of Azerbaijan Republic. Main objectives of Bank: attraction of investments intended to the development of small and medium entrepreneurship and other spheres of economy in the country, participation in the integration of Azerbaijan capital to global financial market, international economic and financial relationships.
Bank uses the main part of gained income for the development of republic’s economy and scientific-technical progress thus making its own contribution to the development of country’s economy.
At the same time, the participation in state programs and other programs realized for the development financing of social, cultural and ecological spheres has always been one of the primary objectives of our Bank.
At present NİKOIL Bank has 12 branches, 35 ATM, 230 POS terminals.
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