Suvarna Garge (Editor)

International Bank of Azerbaijan Georgia

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Type
  
Joint-stock company

Headquarters
  
Tbilisi

Area served
  
Georgia

Founded
  
Tbilisi

International Bank of Azerbaijan-Georgia

Trading name
  
JSC Bank "IBA - Georgia"

Native name
  
აზერბაიჯანის საერთაშორისო ბანკი - საქართველო

Industry
  
Consumer and commercial banking

Key people
  
Emil Abasbayli, General Director Ali Hakverdiyev, Deputy General Director

Parent organization
  
International Bank of Azerbaijan

The International Bank of Azerbaijan-Georgia ("IBA-Georgia" for short) is a subsidiary bank of the International Bank of Azerbaijan located in Tbilisi, Georgia, founded in 2007. It is one of three Azerbaijani banks operating in Georgia. The bank is a member of the Association of Banks of Georgia.

Contents

History

According to the United States - Azerbaijan Chamber of Commerce, the bank was founded with 100 percent foreign capital. Initially, $7 million in authorized shares were issued upon the bank's founding. The bank was founded by the International Bank of Azerbaijan (owns 75%), the Azerbaijan Industrial Bank (12.5%), and a private individual (12.5%).

  • 2010: IBA-Georgia began to issue VISA International bank cards.
  • 2011: The bank became a member of the Banking Association for Central and Eastern Europe (known as BACEE).
  • 2012: The bank reached an annual growth rate of 71.3 percent. The bank's loan portfolio grew from GEL 57.1 million to GEL 97.7 million between 2011 and 2012. By 2012, the bank had 1,462 corporate and individual customers.
  • 2014: IBA-Georgia increased its net profit by 13 percent over the previous year.

    • People

    The bank's leadership consists of executive management, the Supervisory Council, and the Board of Directors:

    Source:

    References

    International Bank of Azerbaijan-Georgia Wikipedia
    (Text) CC BY-SA