IBA Office in Dubai to come on stream

IBA Office in Dubai to come on stream
# 09 March 2007 11:34 (UTC +04:00)
International Bank of Azerbaijan’s Office in Dubai will open soon. IBA Spokesman Rauf Aghayev told APA-Economics that the work has continued to progress over establishment of offices in New York and Luxemburg.
The Office in Dubai and Luxemburg will become subsidiaries in future.
International Bank of Azerbaijan has two subsidiaries –IBA-Moscow and IBA-Georgia, and offices in London and Frankfurt. The Bank has 36 branches in Azerbaijan.
The Bank’s authorized capital is AZN 59 million, of which 50.2% is a state-owned stake. /APA-Economics/
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