Int’l Bank of Azerbaijan becomes TheCityUK first member in Caspian region

Baku, Fineko/ Within the framework of the First Caspian Corridor Conference held in London on Monday it was announced that the International Bank of Azerbaijan (IBA) has joined TheCityUK and became the first member of the organization on the Caspian region area.

"We are grateful for the opportunity to expand corporate relationships between Azerbaijan and Great Britain. The high professionalism of TheCityUK team contributes to promotion of high standards of business running in tandem with the growth of a new market," IBA chairman of board Jahangir Hajiyev said.

"We are pleased that the IBA has agreed to join TheCityUK. The IBA is a bank that brings invaluable experience from the region of Caspian corridor for TheCityUK,” TheCityUK’s CEO Chris Cummings said.

According to Mr. Cummings, there are several reasons that make the Caspian region attractive to investors, including "youth" of the nation, the rate of GDP growth and economic liberalization reforms undertaken by the governments in the region.

Conference Caspian Corridor Conference was organized by CityUK in cooperation with the IBA and Asia House.


27.11.2012 10:59


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