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IBA-Georgia increases income

14 April 2011 09:29 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Bank assets of the International Bank of Azerbaijan â€“ Georgia increased by 35%, income doubled, profit by 87% in 2010. Net profit made $233,158. Individualsâ€™ deposits rose $8.3 mln within a year.

IBA-Georgia was established in 2006 and it achieved to establish modern universal bank services during the last period. The bank presents different products and services to corporative and individual customers. Number of corporative clients of the bank increased by 4 times and individuals - by 10 times in comparison with 2007. The bank realizes differential policy on deposit and credit lines and this tendency gives a chance to correspond banking services to different social levels.

Chief of IBA press service Rauf Aghayev said that since October of last year, IBA-Georgia has started emission of bank cards belonging to Visa International system. It is planned to issue Visa Platinum and Visa Infinite cards in future.

IBA-Georgia is member of Tbilisi Interbank Currency Exchange, Association of Banks of Georgia and Banking Association for Central and Eastern Europe.