In march 2002 IBA Board makes a decision on establishment of representative Office of the International Bank of Azerbaijan in London, United Kingdom. Significance of such establishment is caused by expansion of cooperation volumes with European banks and especially banks in Great Britain. Bank’s Representative office was opened in London in december 2002.

Mission:

• Improvement and development of trade and economic relations between United Kingdom and Azerbaijan
  
• Realization of mother company’s interests and search new opportunities for business expansion in Europe and Great Britain
  
• 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 United Kingdom and Azerbaijan Republic
  
• Realization and preparation of projects related to the export financing from United Kingdom 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-term and long term investment programmes (Syndicated Loans, Eurobonds, Assets Backed Secutiries)
  
• United Kingdom banking market analysis (banking products, institutional development of England banks and etc.)
  
• United Kingdom financial sector analysis (leasing, insurance business, assets management and etc.)
  
• Assistance and consulting of England and Azerbaijanian companies in order to find business counterparts in United Kingdom 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 United Kingdom and analysis of opportunities for establishment IBA’s branch on basis of representative office
  

  London, United Kingdom
  One Hyde park Gate, London SW7 5EW
  Tel.: (44 207) 581 1819;
  Fax: (44 207) 581 1116