The assets of the bank IBA-Moscow (a subsidiary of the International Bank of Azerbaijan) by July 1, reached 34 billion 734 million Russian rubles (RUR), or $ 1 026 420 000 at the rate for that day. This is 13.6% higher than the same period last year, according to the press service of the financial entity.
The bank's equity to the said date was 3 180 million RUR, gross income - 652 320 000 RUR, and its net interest income was 486 700 000 RUR. The commission income amounted to 197.4 million RUR, and its net non-interest income was 154.9 million RUR.
The loan portfolio was 25,340 mln. (+ 9% compared to July 2013), in the context of which a large portion belongs to loans for legal entities - 21 742 million RUR, and loans for individuals are 3 598 million RUR.
LLC IBA-Moscow was founded in 2002. Because it is universal, it ranks in the top 150 largest Russian financial institutions. The bank’s network includes offices in Moscow, St. Petersburg and Yekaterinburg. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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