OREANDA-NEWS. June 06, 2014. The membership of the Supervisory Board and the Audit Committee of the largest bank in the South Caucasus - OJSC International Bank of Azerbaijan has been renewed.

According to the IBA, general meeting of shareholders approved the Bank’s financial report for 2013.

"New members of the Supervisory Board and the Audit Committee were elected at the meeting,” it was reported.

The meeting participants also made a decision to direct part of the profit for payment of dividends and increase the authorized capital of the Bank by increasing the par value of its shares.