International Bank of Azerbaijan, Sberbank sign memorandum

International Bank of Azerbaijan, Sberbank sign memorandum
# 23 January 2015 08:54 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. Within the Davos World Economic Fodum, Russia’s Sberbank and International Bank of Azerbaijan have signed a memorandum on mutual understanding and cooperation.

The document was signed by Sberbank CEO and Chairman of the Board Herman Gref and Chairman of the IBA Board Jahangir Hajiyev.

The document envisages participation in joint financing of investment projects, organization trade financing in Russia, Azerbaijan and the third countries, in where daughter companies and branches of the parties operate, and cooperation in financial markets.

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THE OPERATION IS BEING PERFORMED