BAKU, Azerbaijan, May 8. The International Bank
of Azerbaijan (IBA) has decided to pay 200 million manat ($117.6
million) in dividends to its shareholders, IBA Chairman of the
Board Abbas Ibrahimov said at a press conference dedicated to the
bank's sustainability report today, Trend reports.
"Yesterday, the general meeting of IBA shareholders was held.
The meeting decided to pay 200 million manat in dividends to
shareholders. Thus, IBA has been paying high dividends to its
shareholders for the 8th consecutive year. In accordance with the
distribution of shareholders' shares, 184 million manat ($108
million) of dividends will be paid to the state, and the rest to
other shareholders," he noted.
The International Bank of Azerbaijan (IBA) commenced operations
as a fully joint-stock commercial bank on January 10, 1992. The
Bank’s Head Office is situated in Baku. Currently, IBA ranks among
the leading banks in the South Caucasus region in terms of assets,
client base, and the scope of international operations.
Operating through 78 branches and 9 representative offices
across various regions of Azerbaijan, the Bank provides
comprehensive banking services to both individual and corporate
clients. IBA serves over 43,000 corporate clients and more than 3
million individual clients. The Bank employs a workforce exceeding
4,000 professionals.
