Bank Of Baku

IBA to borrow additional fund from abroad

IBA to borrow additional fund from abroad
# 24 June 2010 12:00 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. International Bank of Azerbaijan plans to borrow $ 300-400 mln addirional fund from abroad till the end of the year, the chairman of IBA Board Jahangir Hajiyev told APA.

According to him, bank will borrow $ 150 mln recently. Bank’s debt portfolio makes $ 700-800 mln.
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