name: Azerbaijan International Bank
International Bank of Azerbaijan (International Bank of Azerbaijan) is the state-controlled bank of Azerbaijan. Headquartered in Baku, the bank has 36 branches and 95 service outlets in more than 40 cities in Azerbaijan.
In the South Caucasus region, Azerbaijan International Bank is the largest asset, customer base, and international business bank. It has more than 30,000 corporate customers, 400,000 individual customers and more than 1,300 employees. It has almost all large and medium-sized corporate clients in Azerbaijan. In 1995, Dr. Jahangir Hajiyev joined the bank’s credit and investment credit committee as a director and chairman.
In the first six months of 2012, the assets of the Azerbaijan International Bank increased by 13% to 5.5 billion manats. The increase was due to corporate loans and retail loan business. The bank’s key asset figures include: capital increased by 46% in 2010 , profit was 13 million manats in 2011, capital increased to 100 million manats in 2012, and its loan portfolio reached 4.6 billion manats in 2012.
As of July 1, 2012, the market share of Azerbaijan’s international banks: Azerbaijan’s 35% banking market, 30% of the loan portfolio market, and 35% of the total deposit market.
On July 21, 2013, it was reported that Nanga Bawa Bank, UAE NBD Capital Co., Ltd., JP Morgan Co., Ltd. and Nur Islamic Bank PJSC invested US$120.5 million to create a Murabaha syndicated financing entity of Azerbaijan International Bank .
On May 30, 2013, Moody’s Investors Service rated the bank as “stable” based on data from the Azerbaijan International Bank’s long-term foreign currency senior unsecured debt, long-term foreign currency subordinated debt, long-term local and foreign currency deposits, and independent financial strength. ‘level.
On April 22, 2013, the International Bank of Azerbaijan announced the main financial results for 2012: credit portfolio increased by 28.8% to 4 billion manats, personal loans increased by 476 million manats, and total capital increased by 78.3% to 747 million manats , The authorized share capital increased by 38% to 331 million manats.
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