IBA ends Q1 on profit

As of March 31, 2019, the assets of the International Bank of Azerbaijan (IBA amounted to AZN 8.5 billion, Report informs.

In the reporting period, the bank’s loan portfolio made up AZN 1.9 billion, AZN 200 million was allocated to legal entities and individuals as loans and guarantees.

The bank ended the first quarter of 2019 on AZN 130.3 million in net profit with AZN 85.1 million caming from operation.