OREANDA-NEWS. April 30, 2013. The deposit portfolio of the International Bank of Azerbaijan (IBA) exceeded AZN 3 bn for Jan-Mar 2013 with a rise of 10.6% against Jan-Mar 2012.

Bank’s spokesman says that IBA’s retail deposits amounted to AZN 1.419 bn in the 1st quarter of 2013. Their growth reached 43.2% versus the 2012 Jan-Mar index.

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% of the shares and the rest 49.8% is owned by private individuals and legal entities.