Restructuring problem won’t cover IBA’s subsidiaries in Russia and Georgia
Bank says these subsidiaries don’t have foreign liabilities, operate in comply with those countries’ legislations on the basis of licenses, follow all guidelines set by central banks of these countries.
Currently, IBA-Moscow and IBA-Georgia are among the leading financial organizations of these countries. In October 2016 Moody's Investors Service upgraded IBA-Moscow's long-term local- and foreign-currency deposit ratings to B2 from B3, adjusted baseline credit assessment (BCA) to b2 from b3 and the long-term Counterparty Risk Assessment (CR Assessment) to B1(cr) from B2(cr). The outlook on long-term deposit ratings remained stable.
Both IBA-Moscow and IBA-Georgia fulfil their obligations before the customers.
Related news releases
23.04.2018
Safar Mehdiyev appointed Chairman of State Customs Committee23.04.2018
Gilan Holding conducts assessment of HR employees23.04.2018
Bakcell fulfills dreams of young entrepreneurs23.04.2018
Central Bank announces result of today’s auction23.04.2018
Azerbaijan’s new government expected to continue important reforms to ensure sustainable development – World Bank23.04.2018
World Bank upgrades its economic growth projections for Azerbaijan23.04.2018
President Ilham Aliyev receives Russian minister of economic development20.04.2018
State Service for Antimonopoly Policy and Consumer Protection removed subordination of Azerbaijan’s Economy Ministry20.04.2018
Azerbaijan’s State Committee on Standardization, Metrology and Patents liquidated20.04.2018
Azerbaijan-based insurers ranking for short-term liablities20.04.2018
Azer-Turk Bank ends Q1 on profit20.04.2018
Azerbaijan-based insurers ranking for long-term liabilities20.04.2018
Azerbaijan-based insurers ranking for short-term assets20.04.2018
Azerbaijan-based insurers ranking for long-term assets20.04.2018
Central Bank of Azerbaijan to attract AZN 350M20.04.2018
Azerbaijan-based insurers ranking for expenditures20.04.2018
Azerbaijan-based insurers ranking for revenues20.04.2018
Azerbaijan-based insurers ranking for profit20.04.2018
Azerbaijan-based insurers ranking for authorized capital20.04.2018
Azerbaijan-based insurers ranking for total capital20.04.2018
Azerbaijan-based insurers ranking for liabilities20.04.2018
Azerbaijan-based insurers ranking for assets20.04.2018
Official Exchange Rates19.04.2018
Minister: Hosting Expo 2025 would cost 765mln euros19.04.2018
Azerbaijan Industry Bank sees rise in total capital19.04.2018
Azerbaijan-based insurers ranking for premiums growth rate19.04.2018
Azerbaijan-based insurers ranking ratio of payments to premiums19.04.2018
Azerbaijan-based insurers ranking for market share of payments19.04.2018
Azerbaijan-based insurers ranking for market share of premiums19.04.2018
Azerbaijan-based insurers ranking for payments19.04.2018
Azerbaijan-based insurers ranking for premiums19.04.2018
Azerbaijan-based 21 insurers’ premiums exceed AZN 193M19.04.2018
Nakhchivan Bank increases liabilities19.04.2018
Trade turnover between Azerbaijan and Georgia exceeds $270M this year18.04.2018
Iran refuses USD in international settlements18.04.2018
USD rate for tomorrow announced18.04.2018
49% of SOFAZ investment portfolio is in USD18.04.2018
Gunay Bank increases assets by 53%18.04.2018
Bank of Baku gets decline in liabilities18.04.2018
SOFAZ earns AZN 4.4B in Q115.05.2017
"Fitch" and "Moody`s" revise rating of International Bank of Azerbaijan16.05.2017
Azerbaijan-based banks ranking for assets16.05.2017
Azerbaijan-based banks ranking for loan portfolio15.05.2017
Central Bank attracts AZN 421M15.05.2017
AZN 4.5B invested in Azerbaijan’s fixed capital in January-April15.05.2017
Azerbaijani population spend AZN 4.6B to food in January-April




