In October 2004 IBA Board makes a decision on establishment of representation of the International Bank of Azerbaijan in Frankfurt, Germany. Significance of such establishment is caused by expansion of cooperation volumes with German banks. The Supervisory Board of the International Bank of Azerbaijan determined to open a Representative office of the bank in Frankfurt in September 2004. Bank has prepared all required documents and received National Bank’s permission and Representative office was opened in Frankfurt on 2nd February 2005.

Mission:

• Improvement and development of trade and economic relations between Germany and Azerbaijan
  
• 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 Federative Republic of Germany 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)
  
• German banking market analysis (banking products, institutional development of German banks and etc.)
  
• German financial sector analysis (leasing, insurance business, assets management and etc.)
  
• Assistance and consulting of German and Azerbaijanian companies in order to find business counterparts in Germany 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 Germany and analysis of opportunities for establishment IBA’s branch on basis of representative office

Bockenheimer Landstr., 39, 60325
Frankfurt am Main
Tel.: (49 069) 715 85769
Faks: (49 069) 715 88681
E-Mail: info@ibar-germany.de, Frankfurt.repoffice@ibar-germany.de