OREANDA-NEWS. April 13, 2009. Washington-based Global Finance journal has published a press release with the names of the winners in nomination “The Best Banks of Developing Markets”, reported the press-centre of IBA.

According to the press release, the International Bank of Azerbaijan was recognized the best bank of Azerbaijan another time.

The winners were defined by the Commission consisting of the members of the Global Finance’s editorial board, bank and financial consultants and representatives of executive management of international companies and corporations. When choosing the winner the Commission guides itself with such financial and economic criteria as indicators of assets growth, profitability increase, strategic development, client service, competition advantages and innovation products.
The IBA indicators exceeded much the figures for the last few years.

Global Finance has chosen the IBA as the best bank of developing markets for the eighth time (since 2002) on all financial and economic indicators.