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IBA-Moscow intends to become Russian Customs Serviceâ€™s authorized bank

IBA-Moscow intends to become Russian Customs Serviceâ€™s authorized bank

09 April 2009 16:16 (UTC +04:00)

Moscow. Roman Aghayev, Vugar Israfilov - APA-Economics. IBA-MoscowÂ» (a Moscow-based subsidiary of International Bank of Azerbaijan) intends to achieve the status of Russian Federal Customs Serviceâ€™s authorized bank.

Fuad Abdullayev, Chairman of the Board, said this status is very important for the bank as it mainly focuses on the financing of imports and exports between Azerbaijan and Russia.

To achieve this status, the bank has to have the capital stock of at least 1 million rubles and a full license from the Russian Central Bank.

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