Bank Of Baku

Financial adviser selected for privatization of IBA

Financial adviser selected for privatization of IBA
# 13 June 2011 10:11 (UTC +04:00)
Committee says advisory services on privatization of the IBA will have a consortium of companies PricewaterhouseCoopers Audit Azerbaijan, Rothschild & CIE, and the Azerbaijani branch of Salans UK Ltd.

Note that, IBA has been in operation since 1992. The state share in authoried capital of the bank is 50.2%, other 40% of the shares are in a private property, 10% - belong to the labor collective of the bank.

As of April 1, 2011, bank’s assets made AZN 4,696.638 mln, loan portfolio – AZN 2,879.706 mln, deposit portfolio – AZN 1,911.060 mln, total capital – AZN 514.985 mln, authorized capital – AZN 240 mln.
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