OREANDA-NEWS. July 24, 2012. Assets of OJSC " International Bank of Azerbaijan " (IBA) rose by 4% per annum and reached AZN 5.145 bn by 1 July 2012.

The bank’s press service reports that IBA’s loan portfolio rose by 12% in a year and reached AZN 3.7 bn. The credits issued to individuals, made AZN 445 million.

The IBA was founded in January 1992 and is the country’s largest bank. The bank’s main shareholder is Azerbaijani government which owns 50.2% of shares  another 49.8% belong to private individuals and legal entities.