OREANDA-NEWS. On August 29, 2007 International Bank of Azerbaijan announced the winners of an open tender for consultancy services on international audit, as well as the tender on external audit of financial performance for the first and second half of the year 2007, reported the press-centre of International Bank of Azerbaijan.

Ernst & Young has been chosen as a consulting auditor and PricewaterhouseCoopers won the tender on external auditing services. The signing of the agreements is expected shortly.

Established in 2002, International Bank of Azerbaijan currently enjoys the leading positions on the market with AZN2,19 bn of assets, AZN1,39 bn of loans, AZN1,42 bn of customer deposits, AZN212 mn of total capital and AZN82 mn of share capital. IBA has 36 branches throughout the country.