USD 1.7

Baku 20 °C

AZ RU EN FA FR

Dark mode

POLITICS

NEWS

World

Economics

Sport

Culture news

Analysis

Blogs

Company

TOP 10

© 2004 - 2026 All copyright are reserved.

Finance

Home page

International Bank of Azerbaijan repays $1.2 billion in foreign debt

International Bank of Azerbaijan repays $1.2 billion in foreign debt

15 October 2009 14:54 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. International Bank of Azerbaijan (IBA) has repaid in total $1.2 billion debt to foreign creditors in 2008 and the first half of 2009, said Jahangir Hajiyev, chairman of the Bank.

According to him, along with the foreign debt service, the bank continued to borrow new loans.

â€œWe will get new syndicated and other loans in a few days,â€ he added.

As Azerbaijanâ€™s and the regionâ€™s largest bank, the International Bank of Azerbaijan with a governmentâ€™s 50.2% stake is owned by the bank staff (10%) and private shareholders (40%).
The bank operates 37 branches, 587 ATMs, 63 information kiosks and 2 962 POS-terminals.

Finance

Azerbaijan

Azerbaijan's insurance market grows by nearly 2% this year

Vusal Gurbanov, Director General of the Central Bank of Azerbaijan

Central Bank of Azerbaijan preparing amendments to compulsory insurance regulations

Chairperson of the Supervisory Board of the Azerbaijan Insurers Association Ulviyya Jabbarova

Azerbaijan's insurance market doubles over past four years

Aliyar Mammadyarov, First Deputy Chairman of the Central Bank of the Republic of Azerbaijan

Central Bank of Azerbaijan preparing new development strategy for insurance sector

ATTENTION!

Dear user for receiving paid news sign up

Sign up

ATTENTION!

Dear user for receiving paid videos sign up

Sign up

ATTENTION!

Dear user for receiving paid photos sign up

Sign up

THE OPERATION IS BEING PERFORMED