OREANDA-NEWS. November 18, 2013. Bank IBA-Moscow signed an agreement raising yet another club loan estimated at USD 130 million for one year with a possibility of prolongation in the following year. OJSC International Bank of Azerbaijan (IBA), the single member of Bank IBA-Moscow Ltd. acted as the guarantor.

CJSC Noviikombank was the lead authorized arranger, the bookrunner and the agent bank of the deal. Other lead authorized arrangers were OJSC MDM Bank, OJSC Uralsib, OJSC MSP Bank and OJSC SMP Bank. Lead arrangers consisted of OJSC Bank ZENIT and AS Regionala Investiciju Banka (Latvia), and the arrangers were OJSC Rosevrobank, CJSC Russlavbank, OJSC Rost Bank, OJSC Investtorgbank and OJSC Asia-Pacific Bank.

Allocation of a significant lump-sum of unrelated resources testified the lender's high trust to IBA-Moscow Bank. It was a yet another step towards development and strengthening of the bank's cooperation with financial institutions.

It is important to mention that in 2010 IBA, the bank's single member, approved the development strategy for IBA-Moscow for 2011-2015. The strategy covered the expansion of IBA’s Russian subsidiary, including active engagement of interbank funding within syndicated (club) and bilateral loans under the guarantee of the parent bank. According to the strategy, the main purpose of these operations is creation of an independent positive credit history for IBA-Moscow, diversification of the sources of funding and reduction of the dependence of the subsidiary from direct funding by the single member. The latter has been halved in the last two years.

So far as part of the strategy implementation five club loans for the total \\$400 million were raised in 2011-2013.
 
IBA-Moscow Bank Ltd. (General license of the Bank of Russia #3395) was founded in 2002 as International Bank of Azerbaijan’s OJSC subsidiary. IBA-Moscow is a universal bank and one of Russia’s top 150 credit and financial institutions. As of July 1, 2013 the bank’s assets were estimated at 30.6 billion rubbles, its loan portfolio at 23.3 billion rubbles and equity at 2.62 billion rubbles. International rating agency Moody’s Investor Service evaluated IBA-Moscow’s credit assessment as B3. Rating agency Moody's Interfax gave the bank a Baa3.ru long-term rating on a national scale.  

Annually IBA-Moscow Bank demonstrates progressive development dynamic, providing complex financial services to businesses and individuals. At the moment the bank chain consists of 14 offices in Moscow, Saint Petersburg and Yekaterinburg. IBA-Moscow Bank is an equal and active member of a number of prestigious professional and social organizations, operating in Russian Federation andis an authorized partner bankof the government of Moscow. IBA-Moscow takes an active part in Azerbaijan-Russia Intergovernmental Commission's work and cooperates with the Executive Commission and the Financial and Banking Council of CIS. IBA-Moscow is a participant of the Deposit Insurance System (Certificate #264 dated 12.02.2004). Since June 2012 the bank has been a professional participant of the securities market, holding a license to conduct brokerage activities and issue own securities. In May 2013 it obtained a Bank of Russia license to conduct operations with precious metals.