NIKOIL | Bank is open for your requests!
NIKOIL | bank launched a new functionality to improve the quality of service. In the case of proposals, comments and suggestions related to products or services, customers may contact the Bank at short number 012 981, by dialing 8000 and further, express their views. After the automatic registration via voice mail, a special group of employees of the Bank on work with references, with the call back service will inform everyone about the timing of the consideration of a proposal, complaints or comments. This service is intended for daily operations, including weekends also. The introduction of this kind of opportunity once again underlines the trust relationship of the Bank "Nikoil" for its clients.
We would like to notice that, today Nikoil|Bank is a universal financial and credit institution offering full package of services including settlement, credit, payment, card, guarantee, interbank, documentary, and other transactions conducted in the national and foreign currency. The Bank branch network numbers 21 points of sale located both in Baku city and in other regions of Azerbaijan. In order to get more informed regarding all bank products, offers, and special packages of Nikoil|Bank you can visit official web-page www.nikoil.az or just by calling to (012) 981.
Address of official social network page of Bank: https://www.facebook.com/bank.nikoil?ref=hl
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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