EBRD can buy 25% of shares in Azerbaijan's largest bank

Baku. 20 February. REPORT.AZ/ The European Bank for Reconstruction and Development (EBRD) is negotiating with the government to discuss options for privatization of the International Bank of Azerbaijan (IBA).

Report informs, head of the Bank's Resident Office in BakuIvana Duarte told Reuters.

According to him, the EBRD will review conditions when Bank will be ready for privatization. I. Duarte also noted that the organization it represents usually acquires 5% to 25% shares in joint-stock companies.