Implementation of the business strategy of the International Bank of Azerbaijan (IBA) will begin this year, executive director of the State Oil Fund of Azerbaijan (SOFAZ), Chairman of the IBA Supervisory Board Shahmar Movsumov told Trend Feb. 13.

The Russian subsidiary of the International Bank of Azerbaijan, IBA-Moscow, filed a lawsuit against the Kazakh company Munai Ontustik for $5.57 million, Trend reports via Russian media.

Deputy Chairman of the Board of the International Bank of Azerbaijan (IBA) Murad Shiraliyev left his position at his own request, a source in the bank told Trend on Feb. 6.

As of December 31, 2018, the assets of the International Bank of Azerbaijan (IBA) amounted to 7.9 billion manats, Trend reports with reference to the bank's message.

In accordance with the decision of the Supervisory Board of the International Bank of Azerbaijan (IBA), the bank’s managing director Vasif Ahmadov has been elected a member of the bank’s board and appointed deputy chairman of the board, Trend reports with reference to the bank’s message.

In accordance with the decision of the general meeting of shareholders of the International Bank of Azerbaijan (IBA) OJSC, Abbas Ibrahimov has been appointed chairman of the bank, Trend reports with reference to the IBA message.

The International Bank of Azerbaijan (IBA) has earned 319 million manats worth of profits for the first 9 months of 2018.

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.