BAKU, Azerbaijan, May 8. The International Bank
of Azerbaijan (IBA) plans to raise international bonds, IBA
Chairman of the Board Abbas Ibrahimov said at a press conference
dedicated to the bank's sustainability report today, Trend reports.
"We have sent inquiries to our banking partners in several
countries regarding this. These banks mainly cover the Gulf
countries.
If the proposed conditions are in our interests, we'll issue
bonds registered abroad, especially from the UK or Ireland, as well
as other countries, towards the end of the year. However, a
decision on this will be made by the first half of this year," the
chairman added.
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.
