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IBA-Moscow climbs up in Russian Top Banks Ranking

IBA-Moscow climbs up in Russian Top Banks Ranking

02 March 2009 14:44 (UTC +04:00)

Baku. Vugar Israfilov â€“ APA-Economics. IBA-Moscow, a subsidiary of the International Bank of Azerbaijan, ranked 171st in the Top-500 List of Russian Banks.
The bank said it climbed up 37 ranks during the past year.
IBA-Moscow is among the first 20 in terms of assets growth rate. The bankâ€™s net assets grew by 45.7%, year-on-year, to 10.244 rubles.
With its 6.77 million ruble loan portfolio, IBA-Moscow is he 146th in the list.
The bank is 37th for loan lending growth rate after its lending rose 54.4% in 2008.
Interestingly, the bankâ€™s loans to legal entities rose 63.7% to 6.06 million rubles.
Besides, the subsidiary jumped to 256th this year from 400th rank last year for deposit book expansion. Deposits grew by 93% to 3.127 million rubles.

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