OREANDA-NEWS. July 05, 2007. "The International Bank of Azerbaijan – Moscow" LLC plans to enter top 250 banks of Russia by assets, reported the press-centre of IBA.

Fuad Abdullayev, IBA-Moscow President, reported that by the results of 2007 2nd quarter the Bank’s capital would be 710 million ruble ($28,12 million) and its assets were 6 bn. rubles.

“By the results of the 2nd quarter IBA-Moscow ratings must grow. By the latest data, the Bank is at 269th place by the assets and at 290th place by the capital. After announcement of the half-year results we plan to enter top 250 banks of Russia by assets’ size,” F.Abdullayev said.

IBA-Moscow on June 6, 2007 got the general licensee of Bank of Russia for realization of bank operations given because of expansion of the credit organization's activity.