IBA’s total capital has exceeded AZN 1 billion



October 26, Fineko/abc.az. As of 30 September 2021 the total capital of the International Bank of Azerbaijan amounted to AZN 1.19 bn.

ABC.AZ reports that at the end of 2020 the IBA had a total capital of AZN 1.112 bn.

Over the past 9 months of the current year the capital adequacy ratio of the 1st degree in the IBA was 17.68% and the adequacy ratio of the total capital was 19.88%.

Thus, Bank's capital adequacy indicators significantly exceeded the norms established by the regulator (6% and 12%, respectively).

As of the end of September 2021, 95.15% of the authorized capital of the IBA belongs to the Azerbaijani state, and up to 5% belongs to legal entities and individuals.