Bank Of Baku

Azerbaijani and Russian leading banks extend cooperation

Azerbaijani and Russian leading banks extend cooperation
# 06 September 2010 08:55 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. International Bank of Azerbaijan and Russian Sberbank signed memorandum of mutual understanding and cooperation in Moscow.

Bank says this document creates opportunities of crediting of effective production sphere, widening of trade turnover between Azerbaijan and Russia, joint financing of projects covering different spheres, participation in investment programs.

Note that Sberbank is the largest bank of CIS.

IBA has been in operation since 1992.
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THE OPERATION IS BEING PERFORMED