|Name||The Bank «IBA-Moscow»|
|Full name||The Bank «IBA-Moscow» Limited Liability Company|
|Licence||3395 | Summary on the Central Bank of Russia Site|
|on 01.09.2016 г.||
125009, Moscow, ul. Tverskaya, 6, str. 2
International Bank of Azerbaijan — Moscow (IBA-Moscow) passed registration in 2002. The sole participant of the bank, which was established as a limited liability company with 100% foreign capital, is Baku-based International Bank of Azerbaijan (IBA).
IBA-Moscows primary targets, expectedly, are to deepen trade and economic ties between Russia and Azerbaijan, provide services to Azerbaijani natives who live in Russia and to present the parent banks interests. The bank operates 2 branches (in Saint Petersburg and Ekaterinburg), 10 divisions, 3 operating cash desks, and also 50 ATMs and 100 POS terminals. The lenders headcount exceeds 300 people (estimate). The bank holds a general license and is a member of the national deposit insurance system. The bank issued over 17,000 plastic cards and executed more than 100 payroll projects. The bank aggressively rolls out account-free wire transfers, including via payment systems Contact, Migom, Golden Crown and Western Union. The bank serves over 15,000 people who permanently wire funds to/from Russia and Azerbaijan.
All in all, the bank serves over 3,000 corporate customers and more than 5,000 households. The banks corporate customers are such companies as air carrier AZAL, Crocus International, RusAvto, Metropolis, Mosazervinzavod, InterProConsulting, Rusbiznessinvest, Moskvich Hotel, Belrusneftegaz, Rosokhotrybolovsoyuz, etc.
The credit portfolio accounts for 71% of net assets (mainly credits granted to businesses and non-residents), and the securities portfolio is modest. As for liabilities, club and syndicated credits provided by foreign banks dominate, as well as short-term subordinated loans of the parent bank (in the aggregate, nearly 40% of liabilities). Only 11% of liabilities fall to retail deposits. The lending institution is steadily a creditor on the inter-bank short-term lending market. The lending institution reported net profit of Rub 124.4 mln in 2011 (the banks net profit totaled Rub 78.2 mln in 2010).
The Supervisory Board: Gubad Guseinov (chairman)…
The Management Board: Fuad Abdullaev (chairman), Balabek Balabekov, Valentina Onushkevich, Rafael Abbasov and Gulu Abbasov.
* International Bank of Azerbaijan (IBA) was established in 1992 on the basis of the Azerbaijani division of Vnesheconombank of the USSR. IBA is a state-run bank and No. 1 bank in the Republic of Azerbaijan. A 50.2% interest is held by the republican finance ministry, the remaining shares are in the hands of a wide group of investors whose equity stakes are not in excess of 5%.
The lenders network consists of 36 branches, over 50 divisions and customer service units, roughly 650 ATMs and 3,700 POS terminals. At present, the bank has representative offices in Frankfurt, London, Luxembourg, Dubai and New York. In all, IBA serves over 12,000 corporate and 750,000 retail customers. The lenders headcount equals 1,200 people. The lender holds equity stakes in subsidiary banks IBA-Moscow and IBA-Georgia, International Insurance Company, processing company Azericard, telecommunications company BusinessRabita, the Baku Stock Exchange, the Baku Inter-Bank Exchange and leasing firm Joint Leasing.
The bank handles over 75% of Azerbaijans foreign trade turnover and around 70% of representative offices and subsidiaries of transnational corporations that carry on business in Azerbaijani territory. The banks customers are such concerns as BP Amoco, ExxonMobil, Statoil, Total Fina-Elf, State Oil Company of the Azerbaijan Republic, Schlumberger, Halliburton, the largest Azerbaijani mobile providers AzerCell and Bakcell, etc.
In line with the banks balance sheet, the banks assets are in excess of $5 bln.
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