OREANDA-NEWS. January 05, 2010. Investment & commercial bank NIKOIL has conducted solemn ceremony of opening of its next branch in the capital of Azerbaijan. The new branch is located in trade centre Bina in Lokbatan settlement of Baku.

The Bank says that the new branch offers quite a wide range of bank services for the population: deposit products, consumer loans, money transfers via systems Western Union, Migom, ЛИДЕР, CONTACT and InterExpress, payment of public utility services, loans for small and medium-size business on technology of the European Bank for Trade & Development.

At the ceremony Bank NIKOIL’s chairman of board Vasily Khamaza pointed out that this branch’s opening was dated to coincide with the Day of World Azerbaijanians’ Solidarity and celebration of New Year.

“This is the best project of ending year for Bank NIKOIL and its opening in the next-to-last day of 2009 is symbolic and testifies of successful implementation of all tasks set before us. The new branch aims to support financial projects of representatives of small and medium business,” Khamaza emphasized.

The opening ceremony involved trade representative of the Russian Federation in Azerbaijan Yury Shchedrin, reps of Garadagh region’s executive power and business circles.

The branch is the 17th sales point of Bank NIKOIL and the third branch opened in 2009.