OREANDA-NEWS. February 11, 2013. According to 2012 results, net profit of the International Bank of Azerbaijan (IBA) amounted to 43,4 million mantas, reported the press-centre of International Bank of Azerbaijan.

With reference to the IBA’s press release, 1news.az reports that net profit increased by 80% in comparison with 2012 indicators.

According to indicators of 1 January 2013, the IBA’s profits increased 7,1% and reached 377,8 million manats.

The International Bank of Azerbaijan (IBA) has been founded in 1992 and is the largest bank of the country. Major shareholder of the Bank is the Government (50,2%) and 49,8% of shares is in the ownership of legal and natural persons.