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IBA is one of the biggest banks of the CIS

03 December 2012 10:56 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. International Bank of Azerbaijan (IBA) took the 38^th position in the ranking of Business New Europe magazine - TOP 200 banks of Eurasia, APA reports.

The ranking includes the largest banks of Russia, Kazakhstan, Azerbaijan, Ukraine, Georgia, Belarus, Uzbekistan and Moldova.

‘IBA is the only bank in Azerbaijan, included in the list of the 50 largest banks in the region. Remarkable for us is also the fact that a subsidiary of the IBA, IBA-Moscow has also been entered into the TOP 200 ranking’, told the magazine.

Note that Business New Europe - a major media company, which covers business, finance and economic policy in the Balkans, the Baltic, the Caucasus, Central Asia and Turkey. Business New Europe was founded in 2006.