The authorized capital of IBA - Moscow will grow by 2.4 times

A subsidiary of International Bank of Azerbaijan (IBA) LLC IBA - Moscow will bring the level of its authorized capital to 2,110,426,650 Russian rubles ($ 54.87 million, using the exchange rate on September 26, 2014). Counter the risks will grow 2.4 times.

The Russian Central Bank’s resolution to increase the authorized capital has already been received, IBA said in a statement today.

IBA - Moscow was founded in 2002. Its assets are $ 8.7 billion. It has 77 offices in Azerbaijan and abroad, ranking 34th among the CIS banks. --17D-

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