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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 |
|
Russian Federation |
 |
2. «International Bank of Azerbaijan-Georgia »LTD |
Banking |
4 582 725 |
|
Georgia |
 |
| 3. «International Insurance Company» LTD |
Insurance |
8 800 000 |
|
Azerbaijan |
 |
| 4. «Azericard» LTD |
Card processing |
1 500 000 |
|
Azerbaijan |
 |
5. «Business-Rabita» |
Communication services |
15 797,52 |
|
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.
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