OREANDA-NEWS.  April 30, 2013. Assets of the International Bank of Azerbaijan (IBA) increased by 19.1% for 2013 and reached AZN 6.227 bn.

The Bank’s spokesman says that IBA loan portfolio grew by 28.8% compared to the 1st quarter of 2012 and totaled AZN 4.02 bn by 1 April 2013. Loans given to individuals amounted to AZN 476.1 million.

Bank’s overall capital reached AZN 747.66 million that is by 78.3% more than the index by 1 April 2012. The IBA authorized capital for 2013 was increased by 38% up to AZN 331.4 million.

By the end of the 1st quarter 2013, ROA (return on assets) was 0.20% and ROE (return on equity) - 2.16% against 0.14% and 1.77% as of 1 April 2012 respectively.

The IBA was founded in January 1992 and is the largest bank in the country. Its main shareholder is the Azerbaijani government, which owns a 50.2% stake and another 49.8% is owned by private individuals and legal entities.