• International insurance company

  • IBA-Moscow

  • Representation in Frankfurt

  • Representation in London

  • Representation in Luxembourg

  • Representation in New York

  • Representation in Dubai


  • Untitled Document
     

    Subsidiaries & affiliates

    The International Bank of Azerbaijan is a core of a financial corporation which provides a variety of financial services. For instance, the IBA is the founding owner of:

    Subsidiary companies:

    Name and legal status of the company Type of the activities Share capital (AZN) IBA's share in the share capital (in %) Country of registration

    1. «International Bank of Azerbaijan-Moskow» LTD

    Banking

    12 995 100

    100%

    Russian Federation

    2. «International Bank of Azerbaijan-Georgia »LTD

    Banking

    4 582 725

    75%

    Georgia
    3. «International Insurance Company» LTD Insurance
    8 800 000

    100%

    Azerbaijan
    4. «Azericard» LTD Card processing
    1 500 000

    100%

    Azerbaijan

    5. «Business-Rabita»

    Communication services
    15 797,52

    100%

    Azerbaijan


    Associated companies:

    Name and legal status of the company Type of the activities share capital (AZN) IBA's share in the share capital (in AZN & %) Country of registration

    1. «Joint Leasing Company » CJSC

    leasing

    700 000
    333 200 (47,69%)

    Azerbaijan

    2. «Baku Stock Exchange » CJSC

    Organization of securities sale

    1 140 000

    60 000 (5,26%)
    Azerbaijan

    3. «Baku Inter-Bank Currency Exchange» CJSC

    Operations with foreign currency via exchange auction

    1000

    200 (20,00%)
    Azerbaijan

    Subsidiary bank "The International Bank of Azerbaijan - Moscow" ("IBA-Moscow") - resident bank of Russian Federation with 100% of foreign capital founded in January 24, 2002. Authorized share capital of the Bank was EUR 10 million. Bank provides a diversified range of banking services to corporate and individual clients.

    Subsidiary bank "The International Bank of Azerbaijan - Georgia" ("IBA-Georgia") - resident bank of Georgia with 100% of foreign capital, founded in November 16, 2006. Authorized share capital of the Bank is 12 million Georgian Lari (approximately 7 million USD). 75% of the shares belong to the International Bank of Azerbaijan. “IBA-Georgia” as a universal bank provides a diversified range of banking services to corporate and individual clients. “IBA-Georgia” is situated in 1, Leonidze street, Tbilisi, Georgian Republic.

    "International Insurance Company" entirely belonging to IBA was founded in April 2002. Its authorized share capital is 8,8 million manat, or about 34% of the total capital of Azerbaijan insurance companies. It provides services on all types of insurance. IIC also renders services to other insurance companies of Azerbaijan on reinsurance, which until now was considered prerogative of the foreign reinsurance companies because of the lack of such strong insurer.

    Processing company "AzeriCard" entirely belonging to IBA is certified with the international payment systems VISA International, MasterCard International and American Express and serves 26 banks in Azerbaijan and abroad. It exercises the functions of a clearing and approving centre for plastic cards.

    Leasing Company "Joint Leasing" - the leading leasing company of Azerbaijan Republic, which offers advantageous form of financing available for purchasing medical and construction equipment, food industry and agricultural equipment, transport and etc. It is a great opportunity for reducing bank risks, reaching a new level of business relations with the customers, ensuring strong control over the provision of funds and effectively expanding the sphere of the Bank's influence. Bank views leasing as a highly promising aspect of its business and intends to intensify the work in this direction.

    As a universal banking institution, the IBA is a leader in servicing private business as well as in investing and lending to the public sector of the economy. The International Bank, through its Head Office and a network of 36 branch offices and over 90 sub-branches and mini-offices all over the country offers a wide range of various banking transactions based on the state-of-the-art technologies in pursuit of its paramount objective of creating a chain of Financial Supermarkets.

     





    Copyright © 1992-2010 International Bank of Azerbaijan