OREANDA-NEWS. August 26, 2014. Assets of IBA-Moscow, a subsidiary of the International Bank of Azerbaijan (IBA) in Russia, made up 34,734 million Roubles by the 1st July 2014, which means 13.6% increase as compared with that of the corresponding period of the last year.

 According to the information received by Trend from the International Bank of Azerbaijan’s press service, the Bank’s total capital reached 3,180 million Roubles, having increased by 21.3%.

During January to June of this year, the Bank’s total revenues reached 652.32 million Roubles, while the Bank’s  interest income made up 486.7 million Roubles, and non-interest income was 154.9 million Roubles. The Bank’s revenues from commissions made up 197.4 million Roubles, having increased by 39.3% as compared with that of the last year’s first half.

The Bank’s credit portfolio reached 25, 340 million Roubles by July 1st 2014, having increased by 9%. Out of these, loans given to natural persons made up 3,598 million Roubles (7% increase), and loans issued to legal persons were 21,742 million Roubles (8% increase). Volume of the funds in the accounts related to legal persons reached 6,761 million Roubles, having increased by 21%. Volume of the funds related to natural persons increased by 55% and currently is 8,488 million Roubles.

IBA-Moscow (Licence No.3395 issued by the Russian Bank) was founded as a 100-per cent subsidiary of the International Bank of Azerbaijan in 2002.

IBA-Moscow is a universal bank listed in the Top-150 largest Russian finance and credit establishments. Currently, the bank network covers offices in Moscow, Saint-Petersburg and Yekaterinburg.