OREANDA-NEWS. June 09, 2010. IBA-MOSCOW took the 136th position in RBC’s Russian Largest Banks Rating, reported the press-centre of IBA-MOSCOW.
 
According to the rating, IBA-MOSCOW net assets as of  April 1, 2010 made RUB 15 972.07 million with annual growth of 51.73% (RUB 10 526.54 million as of April 1, 2009).

In January 2002 the first bank with 100% Azerbaijani capital was opened in Moscow under the patronage of the Government of Azerbaijan. The International Bank of Azerbaijan (Baku), the biggest bank in the Republic founded in 1992 on the basis of the Azerbaijani republican division of the Vnesheconombank of the USSR, currently owned by the state is the parent bank and founder of IBA-MOSCOW. IBA-MOSCOW is the first bank in Russia with 100% foreign capital from a CIS country.

The main objectives of IBA-MOSCOW in Russia include: expanding geography of IBA Group operation and business, developing trade and economic relations between Azerbaijan and Russia, servicing a large number of Azerbaijani migrants in Russia and implementing intergovernmental agreements of Azerbaijan and Russia.