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Thursday, August 24, 2017

IBA ranked by "Banker" as top 10 bank in Central, Eastern Europe

The International Bank of Azerbaijan (IBA) is among the top 10 banks in Central and Eastern Europe, according to the British magazine "The Banker."

The IBA had capital of $696 million last year--an increase of 63.6 percent, APA-Economics reports.

On a global scale, U.K.-based "The Banker" said the IBA is among the 1,000 biggest and most stable banks in the world.

The IBA is ranked 776th in terms of capita, 722nd for assets, 546th for capital adequacy ratio, 447th for ROE and 520th for ROA, according to APA-Economics.

IBA is a state-controlled bank headquartered in the Azerbaijani capital of Baku. It has 36 branches and 96 service outlets across more than 40 cities in the country.