OREANDA-NEWS. October 06, 2014. The Bank of Russia has endorsed the increase in the authorized capital of Bank IBA-Moscow LLC.

International Bank of Azerbaijan OJSC (the parent bank of Russia-based Bank IBA Moscow) informs that having considered the documents of Bank IBA-Moscow LLC, the Russian Federation Central Bank’s Main Department on the Central Federal District announced a decision on the state registration of the Changes #4, made to the authorized capital of the commercial bank.

The changes are associated with an increase in the authorized capital of Bank IBA-Moscow LLC up to 2,110,426,650 Russian rubles and sending of the relevant documents to the authorized registering body.

Bank IBA-Moscow LLC (General License of Bank of Russia #3395) was founded in 2002, is a subsidiary of OJSC International Bank of Azerbaijan - the largest bank in Azerbaijan and the South Caucasus (assets - USD8.7 billion, 77 offices in Azerbaijan and abroad).

Today, Bank IBA-Moscow is a universal bank. As of 1 July 2014 its assets total 34.7 billion rubles. Currently, the Bank’s network has offices in Moscow, St. Petersburg and Yekaterinburg.