Azerbaijani banks continue to announce their plans to open new branches on the country's liberated territories.

Azerbaijan's largest bank, the International Bank of Azerbaijan will open a branch in the country's recently liberated Jabrayil city, a source within the bank has told local media.

Azerbaijan Deposit Insurance Fund (ADIF), through Kapital Bank and the International Bank of Azerbaijan (IBA), paid compensation on insured deposits in the amount of 181.4 million manat ($106.7 million) to depositors of Amrahbank, AGbank, NBC Bank and Atabank, which are in the process of liquidation, Trend reports referring to the fund.

Zamira Hajiyeva, the wife of the former head of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev, lost her fight to overturn the UK’s first unexplained-wealth order (UWO) - a tool heralded by police that forces individuals to prove that their funds are from legitimate sources, Trend reports referring to Bloomberg.

The Baku Court of Appeal held a meeting on the appeals by former head of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev, ex-MP Dunyamin Khalilov, as well as a civil plaintiff - the Ministry of Taxes, Trend reports.

The International Bank of Azerbaijan has presented Tamkart multifunctional service, Trend reports referring to the bank.

International Bank of Azerbaijan (IBA) has introduced a new product to support the development of corporate business, Trend reports referring to IBA’s press service.

The International Bank of Azerbaijan (IBA) does not plan to attract external financing in the near future, Trend reports referring to an interview with the bank’s general director Fuad Islamov published on the bank’s website.

The Baku Grave Crimes Court continued the trial proceedings on the criminal case of the former head of the International Bank of Azerbaijan (IBA) Jahangir Hajiyev, his relative Ismayil Hidayetzade, ex-MP Dunyamin Khalilov, also Jamal Hasanov, Sarkhan Rasulov, Natig Imanov, Samir Hajiyev, Tabriz Abdulhamidov, Mahir Gafarov, Sadikh Murtuzayev, Tarlan Maharramov, Fakhraddin Heybatov, Ramin Ahmadov, Fariz Muradov, Salahaddin Gadirov, Erkhan Javad, Arif Ramazanov, Navai Shirinov, Svetlana Asadullayeva, Arif Madatov, Adil Mikailov and Ramiz Karimov, all accused of embezzlement, Trend reports.

Azerbaijan’s state oil company SOCAR in 2018 reduced the amount of money placed in the International Bank of Azerbaijan (IBA) by 17.4 percent, Trend reports with reference to the consolidated financial report of the company for 2018.