Bank Of Baku

IBA to open offices in Dubai, Luxemburg and New York

IBA to open offices in Dubai, Luxemburg and New York
# 13 February 2007 16:02 (UTC +04:00)
International Bank of Azerbaijan (IBA) intends to open its office in Dubai. IBA spokesman Rauf Agayev told APA the office will be converted to a subsidiary in future.
He added the bank also plans to open offices in Luxemburg and New York.
International Bank of Azerbaijan has two subsidiaries –IBA-Moscow and IBA-Georgia, and offices in London and Frankfurt. The Bank has 35 branches in Azerbaijan.
The State owns a 50.2% controlling stake of the AZN 59mln authorized capital of the Bank. /APA/
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