IBA announces results of 2018

Baku. 29 January. REPORT.AZ/ As of December 31, 2018, International Bank of Azerbaijan’s (IBA) assets stood at AZN 7.9 billion, Report informs.

The Bank says the total capital increased to AZN 982,000,000, capital adequacy rose from 17% to 32%.

Loan portfolio grew by more than 8% to AZN 1.9 billion. The bank ended 2018 on profit of AZN 425.8 million. The net profit from operations amounted to AZN 200,000,000.

Information about the bank’s products and services is available in 36 branches and 39 departments of the banks, at www.ibar.az, 937 Information Center, as well as the Facebook page.