2004,
2005,
2006,
2007,
2008,
2009
|
 |
| 1990 |
Established as the Azerbaijani Office of USSR Vneshekonombank.
|
|
| 1992 |
Presidential Decree №-545, dated January 10, 1992 transformed the Bank
into a joint-stock bank with the government as a major stockholder.
National Bank of Azerbaijan issues a general banking license to the Bank
on December 30, 2002.
|
|
| 1993 |
The Bank becomes a co-founder and a full member of the Baku Interbank
Currency Exchange.
|
|
| 1994 |
The Bank obtains memberships with the international payment system Europay
International and International information-dealing system Reuters.
The international rating agency Fitch IBCA assigns a "B" rating
to the Bank.
|
|
| 1995 |
The bank becomes a member of SWIFT (Society for Worldwide Interbank Financial
Telecommunications).
|
|
| 1996 |
The Bank adopts a Universal Banking policy which envisages supply of
a possible widest range of classic and modern services to all groups of
population, both individual and corporate customers.
The Bank becomes a co-founder of AzeriCard processing company and introduces
plastic card services.
|
|
| 1997 |
Bank starts issuing plastic cards of Europay/MasterCard International
payment system.
The Bank becomes a principal member of VISA International payment system.
The Bank opens a representative office in Moscow, the financial centre
of CIS.
The Bank starts installing an ATM network of its own.
|
|
| 1998 |
The Bank becomes a full member and a co-founder of the Baku Stock Exchange.
|
|
| 2001 |
For the first time in the history of Azerbaijan's banking sector, the
Bank obtains a 6 year syndicated loan from a consortium of Austrian banks
led by Raiffeizenbank.
|
|
| 2002 |
The international rating agency Fitch IBCA assigns a "B+ positive"
rating to the Bank.
The Bank becomes the founder and the only owner of the country's largest
insurance company in terms of paid-in capital, the International Insurance
Company (paid-in capital of USD 5 million).
The Bank establishes a subsidiary bank, "International Bank of Azerbaijan
- Moscow" with a paid-in capital of EUR 10 million. This is the first
time an Azeri bank opens an actively operating subsidiary outside its
country of origin.
The Bank opens a representative office in London, Great Britain.
|
|
| 2003 |
The Bank assumes the National Development Bank strategy, given its
domestic market position.
Start-up of Internet Banking services
IBA-Moscow LLC opens a branch office in Saint-Petersburg.
IBA becomes a 100% shareholder of AzeriCard processing company.
IBA issues the ninety thousandth plastic card.
|
|
