Int`l Bank creates another investment company in Azerbaijan

13:18 - 28.10.2019


October 28, Fineko/abc.az. The International Bank of Azerbaijan is creating an investment company and such a project is envisaged in our new strategy.

ABC.AZ reports the above-mentioned statement was made by IBA chairman of board Abbas Ibrahimov.

He added that the project is based on the intention to implement new and innovative business ideas that can create additional value for the IBA. Ibrahimov noted that in accordance with its strategy the Bank will establish an investment company and create a relevant platform to ensure alternative investment products for high-income clients, including corporate clients.

"We believe such a company has huge potential for successful activity in the Azerbaijani market. A decision on the investment company was made at the IBA shareholders’ general meeting on 11 October 2019. Currently, the Bank’s Board carries out the appropriate legal procedures for the establishment and commencement of new company's activities, Ibrahimov emphasized.

 

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