Azernews.Az

Wednesday November 13 2024

IBA named “Best Local Bank” by EMEA Finance magazine

29 May 2013 16:00 (UTC+04:00)
IBA named “Best Local Bank” by EMEA Finance magazine

EMEA Finance magazine, the leading information and analytical publication in Europe defined the best banks in Europe, the Middle East and Africa on the results of 2012. International Bank of Azerbaijan (IBA) was named Best Local Bank, IBA said on May 29.

"In 2012, the net profit of the International Bank of Azerbaijan increased by 80% and amounted to 43.4 million manat, active and loan portfolios grew by 17.5% and 22%, respectively," the magazine reported. "As a symbolic recognition of the achievements the International Bank of Azerbaijan was awarded as the Best Local Bank in the category "Best Bank in CIS, Central and Eastern Europe."

The London-based EMEA Finance magazine is dedicated to the finance sectors in Europe, Middle East and Africa. Its readership includes financial institutions from throughout the world and the top managers of leading companies. The magazine is the world's only publication covering all finance-related events, activities, developments, financial services and products, as well as innovations in the area of services and technologies of the region. Every year the magazine names the best banks in more than 20 nominating categories.

Here we are to serve you with news right now. It does not cost much, but worth your attention.

Choose to support open, independent, quality journalism and subscribe on a monthly basis.

By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.

Subscribe

You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper

Thank you!

Loading...
Latest See more