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NikoilBank

Strategic View

Development Strategy
Strategic vision of Investment NIKOIL BANK consists in positioning itself as retail bank with international financial institutions, rendering all types of banking services to small and medium-seized enterprises as well as to the segments of population with average and low income in the territory of the Azerbaijan Republic by means of wide sales points network working in the republic capital and in the centers of its regions; and by 2002 having strengthened its position in the best ten of the bank market according to the volume of assets, deposits and loans portfolio. The bank is considering offering international financial institutions to join it to obtaining support in order to enter international financial markets and improve its banking technologies.

One of the bank goals is a construction of fully transparent activity in accordance with international standards, implementation of advanced technologies both in the field of corporate governance, risk management and in the field of sale of banking services.
By applying new technologies promptly and with high quality the Bank is supposed to present to its client a wide range of products while appreciating its employees as the most valuable assets, investing into them consistently, and applying a motivation system based on results achieved