Bank Of Baku

IBA-Georgia triples assets

<b>IBA-Georgia triples assets</b>
# 01 March 2012 09:03 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. International Bank of Azerbaijan-Georgia’s assets rose by 2.8 times to AZN 171.5 mln lari (AZN 80.6 mln) in 2011, up 1.9 times from previous year. According to IBA, authorized capital increased by 1.9 times to 22.7 mln lari (AZN 10.670 mln).

Loan portfolio made 62.4 mln laris, up 2.1 times from year earlier. Number of clients reached 994, 38.6% higher than previous year.

Note that, IBA Georgia has been in operation since 2007. Founders of bank are IBA (75%), Azerbaijan Industry Bank (12.5%) and an individual (12.5%).
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED