In february 2007 IBA Board makes a decision on establishment of representative Office of the International Bank of Azerbaijan in Luxembourg, Grand Duchy of Luxembourg. Significance of such establishment is caused by expansion of cooperation volumes with European banks and especially banks in Luxembourg. IBA’s Representative office in Luxembourg was opened in december 2007.

Mission:

• Improvement and development of trade and economic relations between Grand Duchy of Luxembourg and Azerbaijan Republic
  
• Realization of mother company’s interests and search new opportunities for business expansion in Europe
  
• Expansion IBA’s partners database by attracting new correspondents
  
• Improvement of the relationships with correspondent banks through finding and realization new projects and business opportunities

Activities:

• Improvement and development of trade-economic relations between Grand Duchy of Luxembourg and Azerbaijan Republic
  
• Realization and preparation of projects related to the export financing from Europe to Azerbaijan
  
• Realization and preparation of structured projects
  
• Improvement of IBA’s relationships with correspondent banks and corresponding network optimization
  
• Improvement of terms and conditions for short-term financing (documentary business)
  
• Improvement and development IBA’s funding base by attracting new projects, products and investment mechanisms such as short-term, medium-tem and long term investment programmes (Syndicated Loans, Eurobonds, Assets Backed Secutiries)
  
• Luxembourg banking market analysis (banking products, institutional development of Luxembourg banks and etc.)
  
• Luxembourg financial sector analysis (leasing, insurance business, assets management and etc.)
  
• Assistance and consulting of Luxembourg and Azerbaijanian companies in order to find business counterparts in Luxembourg and in Azerbaijan
  
• Expansion of relations with corresponded banks, companies, state organizations and holdings
  
• Operative decisions in relations with clients (problems solving, distribution of information, etc)
  
• Development of IBA’s subsidiaries network and intermediation of interest of subsidiaries in Europe
  
• Study of banking laws of Luxembourg and analysis of opportunities for establishment IBA’s branch on basis of representative office.
  

Grand Duchy of Luxembourg, Luxembourg
5 Rue Ordre de la Couronne de Chêne L-1361 Luxembourg
Tel.: + 352 26 27 07 68 85769
Fax: + 352 26 27 07 69