Azernews.Az

By Nigar Orujova

The International Bank of Azerbaijan (IBA) has joined the Financial Services Industry Partnership of the World Economic Forum (WEF), an exclusive network of over 70 firms including banks, insurers, stock exchanges, rating agencies, asset managers, and other capital market service providers.

"We are deeply honored to join global banking peers in the World Economic Forum's Financial Services Industry Partnership and a second decade of involvement with the Forum," IBA chairman Jahangir Hajiyev said.

"The CIS and the Caspian regions have benefitted profoundly from the Forum's unwavering support and inspiration to business and government leaders."

"This directly helps us to assess challenges of systemic and sustainable economic development in tandem with social welfare and stability," Hajiyev added.

Giancarlo Bruno, head of Financial Services Industry at the WEF welcomed the IBA as a new Financial Services Industry partner.

IBA is the largest bank and financial services group in Azerbaijan and the region, with $10 billion in assets. It supports the stability of Azerbaijan's banking system, the socio-economic development of the country and its integration into the global economy.

IBA is also a universal bank with a full range of financial products and services via its national franchise, subsidiary banks in Russia and Georgia, and international representative offices n London, Frankfurt, Luxembourg, Dubai and New York.