OREANDA-NEWS. April 26, 2012. Deposit portfolio of International Bank of Azerbaijan OJSC totaled AZN 2.76 bn with a rise of 45% in the 1st quarter of 2012.

The Bank’s press service informs that by the end of 1st quarter of the year household deposits in the Bank amounted to AZN 990.8 million. Their growth compared to the period until April 2011 was 34.1%. Of them, demand deposits make up AZN 220 million and time deposits AZN 770.8 million.

The IBA was founded in January 1992 and is the largest bank in the country. Its main shareholder is the Government of Azerbaijan, which owns 50.2%, and the rest 49.8% belong to private individuals and legal entities.