The International Bank of Azerbaijan (IBA)
The International Bank of Azerbaijan (IBA), the leading financial institution in the country, plays a key role in facilitating the country's integration into the global economy. As a National Development Bank, IBA contributes significantly to the stability and transparency and continuously strengthens Azerbaijan's banking system and fundamentally supports Azerbaijan's socio-economic development.
MARKET SHARE IN 2010 (01.01.2011):
- IBA holds 42 percent of its assets in the national banking System
- IBA's share in the total capital of the national banking system reaches 31 percent
- Loan portfolio represents 43 percent of total domestic volume
- Entrusted with 36 percent of domestic customer deposits
- Plastik card market share reaching 41.6 percent
RATINGS:
- IBA possesses the highest ratings in the national banking system:
- Baa3 from Moody's Investors Services
- BBB- (which is equal to sovereign rating) from Fitch Ratings
IBA ABROAD:
IBA offers a wide range of global banking services through its subsidiary banks in the Russian Federation (with branches in Moscow, Saint Petersburg and Yekaterinburg) and the Republic of Georgia, as well as international offices in Frankfurt, London, Luxembourg, Dubai and New York.
IBA in AZERBAIJAN:
IBA's service network consists of 37 branches, 39 sub-branches, 7 points of service, (December 1, 2010), over 610 ATMs (market share of 35.9 percent) and 2,741 POS-machines October 01, 2010) .
IBA GROUP of COMPANIES:
Today, the Bank is a key part of the IBA financial group including: "The International Bank of Azerbaijan - Moscow", "The International Bank of Azerbaijan - Georgia", International Insurance Company and card processing company "AzeriCard".
The International Bank of Azerbaijan - Moscow ("IBA-Moscow")
IBA-Moscow is a resident bank of the Russian Federation founded with 100 percent foreign capital on January 24, 2002. It has regional offices in Saint Petersburg and Ekaterinburg. Authorized share capital of the Bank was $13.2 million. IBA Moscow provides a diversified range of banking services to corporate and individual clients.
The International Bank of Azerbaijan - Georgia ("IBA-Georgia")
IBA-Georgia is a resident bank of the Republic of Georgia founded with 100 percent foreign capital on February 7, 2007. Authorized share capital of the Bank was over $7 million. The Bank provides a diversified range of banking services and finance to corporate and individual clients.
The International Insurance Company
The International Insurance Company, founded and owned entirely by IBA since April 2002, provides all types of insurance and has transformed the national insurance market.
IIC also offers reinsurance to other insurance companies in Azerbaijan, which was previously considered the prerogative of foreign reinsurance companies because of the lack of a strong insurer in the local market.
Processing company "AzeriCard"
Azericard is the leading credit card provider and international partner in the region. IBA is certified with the international payment systems VISA International, MasterCard International and American Express and serves 31 banks in Azerbaijan and abroad. It exercises the functions of the predominant clearing and approving center for plastic cards.
Company Website: www.ibar.az
