IBA-Moscow is a subsidiary bank of the

International Bank of Azerbaijan ABB (from az, Azərbaycan Beynəlxalq Bankı ; formerly known as International Bank of Azerbaijan), the largest bank in Azerbaijan, is an open joint-stock company whose shares are owned by the Azerbaijan state. History ABB OJSC was founded on ...

located in

Moscow Moscow ( , US chiefly ; rus, links=no, Москва, r=Moskva, p=mɐskˈva, a=Москва.ogg) is the capital and largest city of Russia. The city stands on the Moskva River in Central Russia, with a population estimated at 13.0 million ...

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ...

. IBA-Moscow is a registered Russian limited liability company and employs approximately 300 people.“The Bank IBA-Moscow”
Banki.ru LLC news agency

History and Overview

IBA-Moscow was started in 2002. The primary purpose is to deepen trade and economic ties between

and

Azerbaijan Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of th ...

and to provide servies to Azerbaijani citizens who live in Russia. One of the founding principles of the bank was to strengthen trade and economic relations between Azerbaijan and Russia, while giving banking services to Azerbaijani citizens who live or work in Russia. The bank provides commercial banking and financial products to people, companies, and banks in Russia. The bank is divided into two major divisions: Corporate Banking and Retail Banking. Other services include

transfer Transfer may refer to: Arts and media * ''Transfer'' (2010 film), a German science-fiction movie directed by Damir Lukacevic and starring Zana Marjanović * ''Transfer'' (1966 film), a short film * ''Transfer'' (journal), in management studies ...

s, debit cards, loans, safe deposit boxes, credit cards, insurance, payroll services and

currency exchange A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de chang ...

Financials

The bank's assets increased by 18 percent in 2013, totaling over 32.8 billion rubles. After 2013, the company's equity equaled just over 3 billion rubles, a 24 percent increase from 2012. Net income in 2013 increased by 35 percent to 350 million rubles. These figures were audited and confirmed by

Deloitte Deloitte Touche Tohmatsu Limited (), commonly referred to as Deloitte, is an international professional services network headquartered in London, England. Deloitte is the largest professional services network by revenue and number of professio ...

Operations and Customers

The bank has 50 ATMs and branches in major Russian cities, including

Saint Petersburg Saint Petersburg ( rus, links=no, Санкт-Петербург, a=Ru-Sankt Peterburg Leningrad Petrograd Piter.ogg, r=Sankt-Peterburg, p=ˈsankt pʲɪtʲɪrˈburk), formerly known as Petrograd (1914–1924) and later Leningrad (1924–1991), i ...

and

Ekaterinburg Yekaterinburg ( ; rus, Екатеринбург, p=jɪkətʲɪrʲɪnˈburk), alternatively romanized as Ekaterinburg and formerly known as Sverdlovsk ( rus, Свердло́вск, , svʲɪrˈdlofsk, 1924–1991), is a city and the administrati ...

, which was opened on September 30, 2013. The grand opening was attend by vice-governor of the Sverdlovsk Province Yakov Silin, Azerbaijan`s consul general Sultan Gasimov, IBA-Moscow Chief Fuad Abdullayev, deputy chairman of Legislative Assembly of the Sverdlovsk Province Yelena Chechunova, head of

Russian Foreign Ministry The Ministry of Foreign Affairs of the Russian Federation (MFA Russia; russian: Министерство иностранных дел Российской Федерации, МИД РФ) is the central government institution charged with lea ...

`s representation in Yekaterinburg Alexander Kharlov, and chairman of

Azerbaijani Diaspora The Azerbaijani diaspora are the communities of Azerbaijanis living outside the places of their ethnic origin: Azerbaijan and the Iranian region of Azerbaijan. According to Ethnologue, there were over 1 million Azerbaijani-speakers of the north ...

in the province Shahin Shikhlinsky. Notable corporate customers include:“The Bank IBA-Moscow”
Banki.ru LLC news agency * AZAL * Belrusneftegaz * Crocus International * InterProConsulting * Metropolis * Mosazervinzavod * Moskvich Hotel * Rosokhotrybolovsoyuz * RusAvto * Rusbiznessinvest IBA-Moscow offers customers an iPhone app called MobilBank that shows balances, offers debit/credit card services, and transfers money.

References

{{reflist

External links

IBA-Moscow English website

IBA-Moscow Russian website
Banking in Russia Banks established in 2002 2002 establishments in Russia Banks of Azerbaijan Azerbaijani brands

History and Overview

Financials

Operations and Customers

See also

References

External links