Bank Of Baku

IBA increases its organizations’ capital

IBA increases its organizations’ capital
# 15 November 2012 14:42 (UTC +04:00)

 

 

Baku. Nijat Mustafayev – APA-Economics. International Bank of Azerbaijan intends to increase the capitalization of several subsidiary organizations. According to bank’s chairman of Board of Directors Jahangir Hajiyev, capital of International Insurance Company is planned to increase after decision of Supervisory Board.

 

Note that the company’s current authorized capital is AZN 8 mln.

 

Besides, capitalization of IBA-Moscow and IBA-Georgia banks will also be increased.

 

 

 

 

 

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