The European Bank for Reconstruction and Development (EBRD) is interested in buying the state-owned shares of the International Bank of Azerbaijan (IBA), Azerbaijani Finance Minister Samir Sharifov told reporters in Baku Sept. 7.

The National Bank of Georgia has revoked the license of subsidiary of the International Bank of Azerbaijan (IBA), the National Bank said in a statement July 25.

Azerbaijan should continue restructuring of the banking sector said Director of the International Monetary Fund (IMF) Department for the Middle East and Central Asia Jihad Azour at a press conference in Baku on September 13.

The Nasimi District Court of Baku approved on August 17, 2017 a plan to restructure the obligations of the International Bank of Azerbaijan (IBA) to foreign creditors.

After the adoption of the plan for the restructuring of external debts of the International Bank of Azerbaijan (IBA) by foreign creditors, Moody's upgraded the ratings of the bank.

Creditors of the International Bank of Azerbaijan (IBA) adopted a plan of voluntary restructuring of its obligations.

The International Bank of Azerbaijan, the country’s largest bank, got support from creditors to realize a $3.3 billion debt-restructuring plan.

The International Bank of Azerbaijan (IBA) has launched a project to optimize the business processes of the branch network based on the Business Process Management (BPM) technology platform, the bank reported on June 8.

Following the New York court, the London court also made a positive decision regarding the International Bank of Azerbaijan (IBA) to prevent lawsuits in the UK from foreign creditors regarding the bank's assets, the IBA reported on June 7.

Rufat Guliyev, Azerbaijani MP and a member of the country’s parliamentary committee on economic policy, industry and entrepreneurship, believes that the downgrade in ratings of the International Bank of Azerbaijan (IBA) by international ratings agencies Moody’s Investors Service and Fitch Ratings is temporary.